Mar. 19 at 8:43 PM
$SSM $BTC.X
Is this a thing again?
Sono Group adopts Digital Asset Treasury strategy, policy
Sono Group announced the company's management board, with supervisory board approval, formally adopted a Digital Asset Treasury strategy and policy. The company expects to allocate a substantial portion of its treasury reserves to digital assets, primarily bitcoin. The company has entered into an ISDA master agreement framework with Blockchain.com, establishing the contractual infrastructure to execute derivatives and hedging transactions in connection with its digital asset holdings. Under the DAT strategy, the company intends to generate recurring income from its treasury by applying a covered-call yield approach against its bitcoin holdings. The company also intends to solicit formal ratification of the DAT strategy from its shareholders through a proxy statement and duly noticed shareholder meeting, reflecting its commitment to transparency and shareholder alignment at every stage of this evolution.
