Solidion Technolog (stock code: STI), a US-listed battery material supplier, announced the implementation of a Bitcoin corporate financial strategy and plans to allocate its additional capital reserves to Bitcoin. The company said it plans to use 60% of excess cash generated from operations to purchase Bitcoin, and will convert interest income from cash held in money market accounts into Bitcoin. It also promised to raise funds in the future to acquire more Bitcoin, and it is expected to designate a certain proportion of funds for long-term Bitcoin acquisitions. Vlad Prantsevich, Chief Financial Officer of Solidion Technology, said: "We firmly believe in the transformative potential of Bitcoin for the financial system, and we believe that our configuration is both a safe store of value and a compelling investment. With the recent approval of the Bitcoin ETF by the U.S. Securities and Exchange Commission, we have seen an important step towards institutional acceptance. In addition, we expect that the next step in the development of Bitcoin will be widespread adoption by sovereign states and enterprises as a reserve asset, and as Bitcoin further gains global recognition, it will create tremendous value and long-term upside potential. We have made our first purchase and are pleased to continue to increase our holdings of Bitcoin in accordance with our policy parameters and plan to develop our strategy in the future." (PR Newswire)
