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Solidion Technology Announces Strategic Bitcoin Allocation for Corporate Treasury

DALLAS, Nov. 14, 2024 /PRNewswire/ -- Solidion Technology, Inc. (NASDAQ: STI), an advanced battery materials provider, today announced a major step forward in its corporate treasury strategy by allocating a significant portion of its excess cash reserves to Bitcoin. This move, alongside the broader pro-Bitcoin environment influenced by the recent election of a pro-crypto administration, solidifies the company's long-term belief in Bitcoin's role as a store of value and a strategic asset. Solidion's core business continues to be developing and commercializing high-capacity silicon anode materials, featuring non-silane gas based and graphene-enhanced versions for automakers and other energy storage applications, along with leveraging other advanced battery technology in our unmatched 550+ patent portfolio.
Key Aspects of the Bitcoin Allocation Strategy
• 60% of Excess Cash Allocated to Bitcoin: Solidion will commit 60% of any excess cash from operations to Bitcoin purchases.
• Interest Earnings Conversion to Bitcoin:Solidion will convert interest earnings on cash held in money market accounts to Bitcoin.
• Commitment of Future Capital Raises to Acquire Additional Bitcoin: Solidion will designate a percentage of funds to Bitcoinacquisitions to be held for the long-term.

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Jaguar8

Spread kindness and love. Life is short. Don’t let greed eat you.

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