Solidion Technology Announces Strategic Bitcoin Allocation for Corporate Treasury

DALLAS, Nov. 14, 2024 /CNW/ -- 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.