Battery tech company Solidion has revealed plans to allocate 60% of its excess cash reserves to Bitcoin as part of its treasury strategy. The US-based firm will use the strategy to enhance shareholder value by leveraging Bitcoin's potential as a hedge against inflation and a diversified treasury asset. Solidion's CFO emphasized the company's belief in Bitcoin's potential for the financial system and its expectation that Bitcoin will be widely adopted as a reserve asset. Despite the announcement, Solidion's shares fell nearly 8% after the news.



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