SolarBank Corporation has announced the adoption of a Bitcoin treasury strategy, becoming one of the first renewable energy firms to integrate cryptocurrency into its financial model.
The Toronto-based company, which specializes in solar power, battery storage, and clean energy infrastructure across North America, says the move aims to bolster financial resilience while tapping into the growing market interest in blockchain and decentralized finance.
Solar Meets Bitcoin:
SolarBank ($SUUN) filed with Coinbase Prime to add Bitcoin to treasury.
Using its clean energy portfolio to offset crypto emissions while hedging against currency debasement.— SolarBank (@solarbankcorp) June 4, 2025
Inspired by the strategies of companies like MicroStrategy, SolarBank has filed an application with Coinbase Prime to open a custodial account. The account will support secure Bitcoin storage, USDC services, and a self-custodial wallet for managing its digital assets. The company believes that holding Bitcoin will serve as a hedge against inflation and currency devaluation, while also providing greater access to institutional financing opportunities.
In addition to financial stability, SolarBank emphasized the environmental alignment of the initiative. The company’s portfolio of solar and battery energy storage projects is expected to offset the carbon emissions associated with Bitcoin mining, offering a unique blend of clean energy and digital asset integration. Executives also view the strategy as a means to attract a broader investor base, particularly those focused on tech innovation, blockchain, and Web3 ecosystems.
Chief Executive Officer Dr. Richard Lu stated that the strategy is designed to reflect the future of both finance and energy. He noted that Bitcoin adoption is rising and that combining digital assets with sustainable infrastructure is a forward-thinking step in today’s evolving market environment.
The company has not yet made any Bitcoin purchases. Management will determine the timing and volume of acquisitions based on business needs and prevailing market conditions. The strategy may be modified, paused, or discontinued at any time.
SolarBank also acknowledged risks, including the uncertainty of project completion, the availability of third-party financing, and potential changes in government policy related to clean energy incentives. However, the company remains confident that its hybrid approach—blending digital finance with renewable power—positions it to lead in a rapidly changing global economy.
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