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SUNation Energy to Adopt Bitcoin Treasury Strategy
Summary: SUNation Energy, Inc. (Nasdaq: SUNE), a U.S. publicly traded company, has announced its board of directors has approved the inclusion of Bitcoin (BTC) as a treasury reserve asset. As part of this strategy, SUNation plans to allocate up to 30% of its excess cash, based on its projected six-month operating expenses, to Bitcoin purchases. This ...
SUNation Energy, Inc. (Nasdaq: SUNE), a U.S. publicly traded company, has announced its board of directors has approved the inclusion of Bitcoin (BTC) as a treasury reserve asset.
As part of this strategy, SUNation plans to allocate up to 30% of its excess cash, based on its projected six-month operating expenses, to Bitcoin purchases. This allocation will be subject to market conditions and operational requirements, including supporting its planned expansion strategy. SUNation Energy provides sustainable solar energy and backup power solutions to homes, businesses, and municipalities.
Tags: SUNation Energy,Treasury Strategy
Link: SUNation Energy to Adopt Bitcoin Treasury Strategy [Copy]
