U.S. listed company SAIHEAT purchases Bitcoin worth 1.5 million dollars as reserve assets
According to Globenewswire, the US-listed company SAIHEAT Limited (NASDAQ: SAIH, SAITW) announced that it has purchased $1.5 million worth of Bitcoin and currently holds about 102 Bitcoins, including pledged and restricted Bitcoins. SAIHEAT stated that it has committed to implementing a comprehensive HODL strategy for its Bitcoin holdings, aiming to retain its mined Bitcoins as long-term assets through operations. In addition, SAIHEAT is also making strategic purchases on the open market to increase its Bitcoin reserves while aligning with its long-term financial goals.
SAIHEAT Limited is a company providing integrated energy services for data centers. Its predecessor was SAI.TECH Global Corporation which merged with TradeUP Global Corporation in May 2022 and became a NASDAQ-listed company.
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