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SAIHEAT Purchases $1.5 Million of Bitcoin
Saiheat LimitedSaiheat Limited(US:SAIH) GlobeNewswire News Roomยท2024-11-21 16:00

Company Overview - SAIHEAT Limited, formerly known as SAI.TECH Global Corporation, is a publicly traded company on the Nasdaq Stock Market, having merged with TradeUP Global Corporation in May 2022 [3] - The company provides integrated energy services for next-generation data centers, focusing on thermal and power modules [2] Bitcoin Investment Strategy - SAIHEAT has purchased $1.5 million worth of bitcoin, bringing its total holdings to approximately 102 bitcoins, which includes staked and restricted bitcoins [1] - The company is committed to a HODL strategy, aiming to retain mined bitcoin as a long-term asset while also making strategic purchases to increase its reserves [1][2] Leadership Perspective - The CEO of SAIHEAT, Arthur Lee, expressed a strong belief in Bitcoin's enduring value, advocating for its consideration as a key reserve asset by both governments and businesses [2]