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Skycorp Solar Group Ignites Growth Drive with Digital Asset Reserve Account Activation and Renewable Energy Expansion
Globenewswire· 2025-08-13 12:00
Core Viewpoint - Skycorp Solar Group Limited is implementing a dual-track growth strategy called the "Pegasus Strategy," focusing on both renewable energy expansion and digital asset investments to drive long-term growth [1][6]. Digital Asset Treasury Strategy & Account Activation - The newly activated Strategic Digital Asset Reserve Account allows Skycorp to systematically acquire Bitcoin (BTC), Ethereum (ETH), and stablecoins as long-term strategic assets [2]. - On August 12, 2025, the Company executed its first transaction by acquiring 32.76 ETH through an automated crypto trading bot, with plans for further ETH purchases to diversify its treasury [3]. Renewable Energy Expansion - Skycorp has signed a definitive agreement to acquire solar power stations with a total capacity of 8,705KW for approximately RMB30.5 million ($4.25 million), expected to close by the end of November 2025 [4]. - This acquisition will enhance the Company's renewable energy operations and contribute to global decarbonization efforts [4]. Investment Committee Governance - The Investment Committee, chaired by Mr. Weiqi Huang, will oversee both renewable energy acquisitions and digital asset investments, providing quarterly updates for transparency [5]. The Pegasus Strategy – Strong Body, Twin Wings - The "Pegasus Strategy" symbolizes the Company's manufacturing strength in solar cables and connectors (the body) and its growth engines in renewable energy and digital assets (the wings) [6][8]. - The left wing focuses on renewable power station investments, while the right wing emphasizes participation in the blockchain economy through compliant investments in digital assets [8]. Company Overview - Skycorp Solar Group Limited specializes in manufacturing and selling solar photovoltaic (PV) products, particularly solar cables and connectors [9]. - The Company's mission is to become a green energy solutions provider by leveraging its expertise in solar technologies and expanding its offerings for enterprise customers [10].