Robin Energy adopts bitcoin as treasury

Robin Energy Ltd., a Cyprus-based international ship-owning company providing energy transportation services, has announced that its board of directors has unanimously approved the adoption of Bitcoin as a primary treasury reserve asset.

The company has authorized an initial allocation of $5 million for this purpose and plans to eventually allocate up to 50% of its long-term cash reserves to Bitcoin. The company’s chairman and CEO, Petros Panagiotidis, stated that the move is a strategic decision to optimize the company’s balance sheet for long-term value creation.

Robin Energy, which is listed on NASDAQ under the ticker RBNE, will fund the purchases from existing cash reserves and will use qualified digital asset custodians for the transactions. The company has noted that the timing and amounts of future purchases will be subject to market conditions, operational requirements, and board discretion

Robin Energy Ltd., a Cyprus-based international ship-owning company providing energy transportation services, has announced that its board of directors has unanimously approved the adoption of Bitcoin as a primary treasury reserve asset.

The company has authorized an initial allocation of $5 million for this purpose and plans to eventually allocate up to 50% of its long-term cash reserves to Bitcoin. The company’s chairman and CEO, Petros Panagiotidis, stated that the move is a strategic decision to optimize the company’s balance sheet for long-term value creation.

Robin Energy, which is listed on NASDAQ under the ticker RBNE, will fund the purchases from existing cash reserves and will use qualified digital asset custodians for the transactions. The company has noted that the timing and amounts of future purchases will be subject to market conditions, operational requirements, and board discretion

Robin Energy Ltd., a Cyprus-based international ship-owning company providing energy transportation services, has announced that its board of directors has unanimously approved the adoption of Bitcoin as a primary treasury reserve asset.

The company has authorized an initial allocation of $5 million for this purpose and plans to eventually allocate up to 50% of its long-term cash reserves to Bitcoin. The company’s chairman and CEO, Petros Panagiotidis, stated that the move is a strategic decision to optimize the company’s balance sheet for long-term value creation.

Robin Energy, which is listed on NASDAQ under the ticker RBNE, will fund the purchases from existing cash reserves and will use qualified digital asset custodians for the transactions. The company has noted that the timing and amounts of future purchases will be subject to market conditions, operational requirements, and board discretion