US listed company SUNation Energy will adopt Bitcoin financial strategy
On January 8th, SUNation Energy, Inc. (Nasdaq: SUNE), a US-listed company, announced that its board of directors has approved the inclusion of Bitcoin in the company's asset management plan. As part of this strategy, SUNation plans to use 30% of its excess cash to purchase BTC based on its estimated six-month operating expenses. The allocation will depend on market conditions and operational requirements, including supporting its expansion strategy. SUNation Energy is a supplier of sustainable solar and backup power solutions for homes, businesses, and municipalities.
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