Major Company Allocates 60% of Excess Cash to Bitcoin in Bold Treasury Move

Solidion Technology, a Nasdaq-listed battery materials supplier, has announced a bold move to integrate Bitcoin into its corporate treasury strategy.

The company revealed that it will dedicate 60% of its excess operational cash towards Bitcoin purchases, reflecting its confidence in the cryptocurrency’s potential as a hedge against inflation and a long-term asset.

In addition to this initial allocation, Solidion plans to convert interest earnings from its cash holdings into Bitcoin and purchase more as part of future capital raises.

This move is part of a broader trend where more institutions are following the lead of companies like MicroStrategy, embracing Bitcoin as a key component of their financial strategy.

Vlad Prantsevich, Solidion’s CFO, emphasized the company’s belief in Bitcoin’s transformative role in the global financial system, positioning it not only as a store of value but also as a promising investment.

He highlighted that the company’s first Bitcoin purchase marks the beginning of a larger strategy, with plans to continue acquiring the cryptocurrency and evolve the approach as Bitcoin adoption increases across both corporate and sovereign levels.