US-listed company Solidion Technologies plans to implement Bitcoin corporate finance strategy

Odaily Planet Daily Report: Solidion Technology (stock code: STI), a US-listed battery materials supplier, announced the execution of a Bitcoin corporate financial strategy, planning to allocate its additional cash reserves to Bitcoin. The company said it plans to use 60% of its excess cash generated from operations to purchase Bitcoin, and will convert the interest income from its money market accounts into Bitcoin. The company also pledged to raise funds in the future to acquire more Bitcoin, and expects to allocate a certain proportion of funds for long-term Bitcoin holdings. Solidion Technology's Chief Financial Officer, Vlad Prantsevich, stated: "We firmly believe in Bitcoin's transformative potential for the financial system, and we believe our allocation is both a secure store of value and an attractive investment. With the recent SEC approval of Bitcoin ETFs, we have seen an important step towards institutional acceptance. Furthermore, we expect the next stage of Bitcoin's development will be its widespread adoption as a reserve asset by sovereign nations and corporations, and as Bitcoin gains further global recognition, it will create tremendous value and long-term appreciation potential. We have made our initial purchase and are excited to continue increasing our Bitcoin holdings in accordance with our policy parameters, and plan to evolve our strategy going forward."