PANews reported on November 22 that according to Globenewswire, the US listed company SAIHEAT Limited (NASDAQ: SAIH, SAITW) announced that it has purchased $1.5 million worth of Bitcoin and currently holds about 102 Bitcoins, including pledged and restricted Bitcoins. SAIHEAT stated that it has committed to a comprehensive HODL strategy for its Bitcoin holdings, aiming to retain the Bitcoin mined through its operations as a long-term asset. In addition, SAIHEAT is also making strategic purchases on the open market to increase its Bitcoin reserves while aligning with its long-term financial goals.
According to reports, SAIHEAT Limited is a company that provides integrated energy services to data centers. Its predecessor was SAI.TECH Global Corporation. It merged with TradeUP Global Corporation in May 2022 and became a NASDAQ-listed company.
