Robin Energy Invests 50% of Cash Reserves in Bitcoin
According to reports from Wu, Robin Energy Ltd. has announced the incorporation of Bitcoin into its primary financial reserve assets. The board has approved an initial allocation of 5 million USD and plans to invest up to 50% of its long-term cash reserves in Bitcoin in the future. The company stated that Bitcoin's scarcity and anti-inflation properties help optimize the balance sheet. Related purchases will be executed through compliant custodians and will not affect existing working capital and business expansion.