SolarBank Reveals its Bitcoin Treasury Plan

A Bitcoin treasury strategy has been announced by SolarBank Corporation (NASDAQ:SUUN), joining industry leaders MicroStrategy and SharpLink Gaming.

SolarBank reveals its bitcoin treasury plan

Wind turbines against a backdrop of the sky, signifying the power of renewable energy.

The business has applied to Coinbase Prime in order to allow self-custodial wallets, USDC services, and secure custody. As of yet, no Bitcoin has been bought.

By using SolarBank Corporation (NASDAQ:SUUN)’s sustainable energy production to balance Bitcoin’s energy footprint, the plan seeks to attract crypto-savvy investors, assist institutional financing, and function as a hedge against inflation.

SolarBank Corporation (NASDAQ:SUUN) operates in Canada and the United States, develops and owns solar and BESS projects that provide long-term recurring revenue via PPAs. It has already supplied more than 100 MW of sustainable energy capacity and has a 1 GW development pipeline in place.

A $100 million agreement with CIM Group (97 MW), a $49.5 million project with Qcells that uses American-made panels, a $41 million landfill solar project with Honeywell, and a $25 million credit line from RBC for grid-stabilizing BESS installations are examples of recent collaborations. The company may be exposed to risks related to project funding, construction hold-ups, and changing governmental regulations.

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