U.S.-based battery materials firm Solidion Technology has announced a strategic shift in its corporate treasury management, which involves committing over 50% of its surplus cash reserves to Bitcoin investments.
In a recent press release, Solidion described Bitcoin as a “secure store of value” and a “strategic asset”, reinforcing its role as a hedge against inflation and a mechanism to maximize shareholder value.
The Dallas-based company also plans to reinvest interest earnings from money market accounts into Bitcoin and allocate a portion of future capital raises toward acquiring the cryptocurrency.
Vlad Prantsevich, CFO of Solidion Technology, expressed confidence in Bitcoin’s transformative potential for the financial system. He predicted the cryptocurrency would soon be adopted as a global reserve asset by sovereign states and corporations.
Prantsevich stated that Solidion’s investment underscores the firm’s belief in Bitcoin’s long-term growth prospects and its capacity to unlock significant value as adoption scales. He added that the allocation represents both “a secure store of value and a compelling investment opportunity.”
Established in 2021, Solidion focuses on high-capacity silicon anode materials and advanced battery technologies, catering to the automotive and energy storage industries. The company holds an impressive portfolio of over 550 patents.
Solidion’s move mirrors the aggressive Bitcoin acquisition strategies of companies like MicroStrategy, the largest corporate Bitcoin holder. MicroStrategy recently unveiled its ambitious “21/21 Plan” to raise $42 billion over three years. The initiative aims to secure $21 billion from equity sales and an equal amount from fixed-income securities, as detailed in the company’s Q3 2024 earnings report on October 30. President and CEO Phong Le highlighted that the plan seeks to enhance the company’s “BTC Yield,” a performance metric introduced in August 2024 to track changes in the ratio of Bitcoin holdings to fully diluted shares.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
