Solidion Technology, Inc. (NASDAQ: STI), a leading provider of advanced battery materials, has announced a significant strategic allocation of Bitcoin within its corporate treasury. This move positions Solidion alongside other prominent US companies such as MicroStrategy, Tesla, Block (formerly Square), Semler Scientific, Coinbase, Riot Platforms, and Marathon Digital Holdings, all of which have integrated BTC into their treasury strategies.

Solidion Makes MicroStrategy-Style Bitcoin Move

In a press release dated November 14, 2024, Solidion Technology detailed its decision to allocate a substantial portion of its excess cash reserves to Bitcoin. The company plans to commit 60% of any excess operational cash to BTC purchases, convert interest earnings from money market accounts into Bitcoin, and designate a portion of future capital raises for long-term BTC acquisitions.

Vlad Prantsevich, CFO of Solidion Technology, stated, “We believe strongly in Bitcoin’s transformative potential for the financial system, and we see our allocation as both a secure store of value and compelling investment.”

He further emphasized the impact of recent regulatory developments, noting, “With the Security and Exchange Commission’s recent approval of spot BTC ETFs, we’ve already seen significant steps toward institutional acceptance. Additionally, we anticipate Bitcoin’s next evolution will be widespread adoption as a reserve asset by both sovereign nations and corporations, creating substantial value and long-term upside potential for Bitcoin as it gains further global acceptance.”

Solidion’s core business remains focused on developing and commercializing high-capacity silicon anode materials, including non-sila

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Author: Jake Simmons