On January 8th, US-listed company SUNation Energy, Inc. (Nasdaq: SUNE) announced that its board of directors has approved the inclusion of bitcoin as an asset in the company's money management plan. As part of this strategy, SUNation plans to use 30% of its excess cash to purchase BTC based on its projected six-month operating expenses.
The allocation will depend on factors such as market conditions and the company's operational requirements, including an expansion strategy to support its plans. SUNation Energy is a provider of sustainable solar and backup power solutions for homes, businesses and municipalities.
US-listed company SUNation Energy will adopt a bitcoin fiscal strategy
2025-01-08 00:41:30
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