DALLAS, Nov. 14, 2024 – Solidion Technology, Inc. (NASDAQ: STI), a company specializing in advanced battery materials, has announced a significant move in its corporate treasury strategy: allocating a portion of its cash reserves to Bitcoin. This decision, coinciding with a broader, pro-crypto environment influenced by the recent election, reflects the company’s confidence in Bitcoin as a store of value and strategic asset.
Solidion is focused on developing high-capacity silicon anode materials and other advanced battery technologies and holds over 550 patents. The company’s primary business is the manufacture of battery materials and components, as well as the development and production of next-generation batteries for energy storage in electric vehicles for ground, air, and sea transportation.
Key Aspects of the Bitcoin Investment Strategy
Solidion’s investment strategy includes several key components:
- Allocation Percentage: Up to 60% of the company’s excess operational cash will be dedicated to Bitcoin purchases.
- Interest Earnings Conversion: Earnings from interest on money market accounts will also be converted into Bitcoin holdings.
- Future Capital: A portion of the proceeds from future capital raises will be allocated to acquiring more Bitcoin.
This allocation signals Solidion’s commitment to enhancing shareholder value by capitalizing on Bitcoin’s potential as a hedge against inflation and a valuable component of a diversified treasury strategy.
Capitalizing on Pro-Bitcoin Momentum
The recent election has brought attention to Bitcoin, with a new administration known for its pro-Bitcoin stance. This, alongside the rise of Bitcoin ETFs has made it an ideal asset for companies seeking inflation-resistant stores of value.
Bitcoin as a Strategic Treasury Asset
Bitcoin, often referred to as “digital gold,” has evolved into a well-recognized store of value and hedge against inflation. Corporations and institutional investors continue to adopt the technology due to its scarce, digital, decentralized, transparent, and global liquidity characteristics. These characteristics are unmatched by any other asset.
CFO Statement
“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 a compelling investment,” said Vlad Prantsevich, CFO of Solidion Technology. “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. We’ve made our first purchase and are excited to continue stacking Bitcoin in line with our policy parameters, with plans to evolve our strategy as we move forward.”
For more information, visit www.solidiontech.com or contact Investor Relations.
About Solidion Technology
Headquartered in Dallas, Texas, with pilot production facilities in Dayton, Ohio, Solidion (NASDAQ: STI) manufactures battery materials and components, and develops batteries for energy storage systems and electric vehicles. Solidion holds a portfolio of over 550 patents, including innovations in high-capacity silicon anodes, biomass-based graphite, and advanced lithium-sulfur technologies.
Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Original Source
Solidion Technology, Inc.
