Coinspeaker
SUNation to Include Bitcoin in Treasury Management Strategy
SUNation’s board of directors has given the nod to the inclusion of Bitcoin as part of its financial management strategy. The company plans to use up to 30% of its excess cash to purchase BTC. The exact amount will depend on factors like market conditions and the company’s operational needs, such as expansion plans.
The solar energy company has a market capitalization of $456 million, and its plan to diversify the company’s treasury assets with Bitcoin is in tandem with its mission of promoting solar energy accessibility. SUNation also plans to give customers the chance to start making payments for their products using Bitcoin. The digital asset is gaining more acceptability as a means of transaction across industries and has the potential to mitigate economic risk, a statement that was emphasized by SUNation CEO Scott Maskin.
Maskin revealed that they are excited about the strategy and believe i
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