Solidion Technology Announces Strategic Bitcoin Allocation for Corporate Treasury
Solidion Technology, Inc. (STI)
Last solidion technology, inc. earnings: 10/17 06:00 am
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Source: PR Newswire
DALLAS, Nov. 14, 2024 /PRNewswire/ -- Solidion Technology, Inc. (NASDAQ: STI), an advanced battery materials provider, today announced a major step forward in its corporate treasury strategy by allocating a significant portion of its excess cash reserves to Bitcoin. This move, alongside the broader pro-Bitcoin environment influenced by the recent election of a pro-crypto administration, solidifies the company's long-term belief in Bitcoin's role as a store of value and a strategic asset. Solidion's core business continues to be developing and commercializing high-capacity silicon anode materials, featuring non-silane gas based and graphene-enhanced versions for automakers and other energy storage applications, along with leveraging other advanced battery technology in our unmatched 550+ patent portfolio.Key Aspects of the Bitcoin Allocation Strategy60% of Excess Cash Allocated to Bitcoin: Solidion will commit 60% of any excess cash from operations to Bitcoin purchases.Interest Earning
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News
- Solidion Technology Reports Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Solidion Technology Reports Third Quarter 2024 ResultsPR Newswire
- Solidion Technology kondigt strategische bitcoin-allocatie aan voor Corporate TreasuryPR Newswire
- Solidion Technology Announces Strategic Bitcoin Allocation for Corporate Treasury [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Solidion Technology Announces Strategic Bitcoin Allocation for Corporate TreasuryPR Newswire
STI
Sec Filings
- 11/19/24 - Form 10-Q
- 11/15/24 - Form NT
- 11/14/24 - Form SC
- STI's page on the SEC website