U.S. publicly traded company SUNation Energy announces the adoption of a Bitcoin treasury strategy

ChainCatcher news, according to Globenewswire, the publicly traded company SUNation Energy, Inc. (Nasdaq: SUNE) announced that its board of directors has approved the inclusion of Bitcoin in the company's asset management plan. As part of this strategy, SUNation plans to allocate 30% of its excess cash for purchasing BTC based on its projected six-month operating expenses. This allocation will depend on factors such as market conditions and the operational requirements of the company, including supporting its planned expansion strategy.

It is reported that SUNation Energy is a provider of sustainable solar and backup power solutions for homes, businesses, and municipal authorities.