SAIHEAT Purchases $1.5 Million of Bitcoin
SAIHEAT Limited - Class A Ordinary Shares (SAIH)
Company Research
Source: GlobeNewswire
SINGAPORE, Nov. 21, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), today announced that it has purchased $1.5 million of bitcoin and currently holds approximately 102 bitcoins, including staked and restricted bitcoins. SAIHEAT has committed to a comprehensive HODL strategy for its Bitcoin holdings, aiming to retain bitcoin mined through its operations as a long-term asset. In addition, SAIHEAT engages in strategic purchases on the open market to increase its Bitcoin reserves, reinforcing its position in the digital asset space while aligning with its long-term financial goals. "Our commitment to the HODL strategy is driven by our strong belief in Bitcoin's enduring value," said Arthur Lee, CEO of SAIHEAT. "We view Bitcoin as the leading reserve asset globally and fully support the concept of sovereign wealth funds holding it. We suggest both governments and businesses to consider Bitcoin as a key part
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SAIH
News
- SAIHEAT Starts Accepting Payments in BitcoinGlobeNewswire
- SAIHEAT to Announce SAIHEAT BASE PLAN 2029 on BIT HEAT DAYGlobeNewswire
- SAIHEAT Limited Reports Unaudited Financial Results for the Six Months Ended June 30, 2024GlobeNewswire
- SAIHEAT Announces Bitcoin (BTC) Operations and Holding UpdatesGlobeNewswire
- SAIHEAT Introduces HEATNUC: An Open-Source Small Modular Reactor (SMR) Solution for AI Computing CentersGlobeNewswire
SAIH
Sec Filings
- 11/13/24 - Form 6-K
- 10/28/24 - Form 6-K
- 10/16/24 - Form 6-K
- SAIH's page on the SEC website