Nasdaq-listed tech company Nuvve has announced its plan to use 30% of its cash holdings to purchase Bitcoin and accept it for payments. The company believes that adopting Bitcoin will diversify its treasury holdings. Nuvve joins a growing list of smaller companies following MicroStrategy's lead in buying Bitcoin as a strategy to generate better returns for shareholders. Nuvve sells electric vehicle charging equipment and plans to use Bitcoin to support its green energy business. While larger companies have been slower to adopt Bitcoin, Tesla is an exception, holding over $1 billion worth of the cryptocurrency.



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