On January 29, Nuvve, a Nasdaq-listed clean energy electric vehicle charging technology company, said it plans to spend up to 30% of its remaining cash on bitcoin based on its projected six-month operating expenses.
Nuvve said the addition of bitcoin would diversify its treasury, in line with its goal of offering bitcoin payment options. According to market data, Nuvve (NVVE) shares closed up only 1.81% to $2.81 on January 28, well below their intraday highs above $4.
Electric vehicle energy technology company Nuvve plans to use 30% of its idle funds to buy bitcoin
2025-01-29 02:38:06
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