The U.S. listed company SAIHEAT purchased 102 bitcoins as reserve assets, worth 1.5 million dollars

2024-11-22 17:15:33

Collection

ChainCatcher News, the U.S. publicly traded company SAIHEAT Limited (NASDAQ: SAIH, SAITW) announced that it has purchased $1.5 million worth of Bitcoin and currently holds approximately 102 Bitcoins, including staked and restricted Bitcoins.

The company stated that it is committed to implementing a comprehensive HODL strategy for its Bitcoin holdings, aiming to retain the Bitcoins mined through operations as long-term assets. Additionally, SAIHEAT is making strategic purchases in the open market to increase its Bitcoin reserves while aligning with its long-term financial goals.

It is understood that SAIHEAT Limited is a company providing integrated energy services for data centers, formerly known as SAI.TECH Global Corporation, which merged with TradeUP Global Corporation in May 2022 to become a publicly traded company on NASDAQ. (Globenewswire)

(Source Link)

Related tags

SAIHEAT Bitcoin reserve asset

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.