SUNation Energy uses 30% of cash to buy Bitcoin
According to BlockBeats, on January 8, SUNation Energy, Inc., a U.S. listed company, announced that its board of directors approved the inclusion of Bitcoin in the company's fund management plan.
SUNation plans to use 30% of its excess cash to purchase BTC, based on its estimated six-month operating expenses.
The allocation will be based on market conditions and the company's operational requirements, including supporting its expansion strategy. SUNation Energy provides sustainable solar energy and backup power solutions.