Electric vehicle energy technology company Nuvve plans to use 30% of its idle funds to buy Bitcoin

on January 29th that Nuvve, a clean energy electric vehicle charging technology company listed on NASDAQ, plans to use up to 30% of its remaining cash to purchase Bitcoin based on its estimated six-month operating expenses. Nuvve stated that increasing Bitcoin holdings will diversify its treasury assets and aligns with its goal of offering Bitcoin payment options. According to market data, on January 28th, Nuvve (NVVE) stock price only rose by 1.81% to $2.81 at the close, far below the high of over $4 during the day.