Solidion Technology (NASDAQ: STI) Shifts Strategy, Allocates 60% of Cash and Interest Income to Bitcoin Purchases

Nov 15, 2024, 11:47 AM

Solidion Technology (NASDAQ: STI), a publicly listed battery materials supplier, announced a significant shift in its financial strategy towards Bitcoin. The company plans to allocate 60% of excess cash generated from operations and interest income to purchase Bitcoin. This move demonstrates Solidion Technology's commitment to integrating cryptocurrency into its corporate treasury strategy.