Bitcoin Magazine Canadian Company SolarBank Adopts Bitcoin Treasury Strategy
Today, SolarBank Corporation (NASDAQ: SUUN), a leader in distributed solar energy, battery storage, and clean energy infrastructure across North America, has announced the integration of Bitcoin as a strategic reserve asset into its corporate treasury strategy, following the footsteps of MicroStrategy and SharpLink Gaming.
SolarBank has also applied to open an institutional account with Coinbase Prime (NASDAQ: COIN), enabling secure Bitcoin custody, USDC services, and a self-custodial wallet for its Bitcoin holdings.
The company cited several strategic advantages for adopting Bitcoin as a reserve asset: • Financial Resilience: Bitcoin holdings will serve as a hedge against inflation and currency debasement.