Clean Energy EV Charging Firm Nuvve to Allocate 30% of Excess Cash to Bitcoin Purchase
Clean energy electric vehicle charging technology company Nuvve has announced that it will invest up to 30% of its excess cash in Bitcoin. The move is aimed at diversifying Nuvve's treasury holdings and aligns with the company's goal of offering a Bitcoin payment option to its customers. Nuvve's decision to invest in Bitcoin follows a trend of non-crypto publicly traded companies buying Bitcoin to bolster their treasury and share prices. As of January 28, Nuvve's share price closed at $2.81, up 1.81%, but down 99.93% from its all-time high of $8,000 in January 2021.
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