Electric Vehicle Energy Technology Company Nuvve Plans to Use 30% of Idle Cash to Purchase Bitcoin

BlockBeats News, January 29, Nuvve, a clean energy electric vehicle charging technology company listed on Nasdaq, announced that it plans to "allocate up to 30% of its remaining cash for the purchase of Bitcoin based on its estimated six-month operating expenses."

Nuvve stated that adding Bitcoin will diversify its treasury assets, aligning with its goal of offering Bitcoin payment options.

According to market data, on January 28, Nuvve (NVVE) closed at a price of only 1.81% to $2.81, well below the intraday high of over $4.