SunEdison (SUNE) Announces Bitcoin Treasury Strategy

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Go back to SunEdison (SUNE) Announces Bitcoin Treasury Strategy

SUNation Energy Announces Bitcoin Treasury Strategy

January 7, 2025 9:15 AM EST

RONKONKOMA, N.Y., Jan. 07, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (Nasdaq: SUNE), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that its Board of Directors has approved the inclusion of bitcoin (BTC) as an asset in the Companys treasury management program.

As part of this strategy, SUNation plans to allocate up to 30% of its excess cash, calculated based on its estimated six-month operating expenses, toward BTC purchases. This allocation will be subject to, among other factors, market conditions and the... More