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LONDON - Cykel AI PLC (LSE:CYK), a company specializing in autonomous digital workers, has announced the adoption of a Bitcoin Treasury Reserve Strategy. The London-based firm will integrate digital assets into its corporate treasury management, following in the footsteps of several other publicly listed companies that have benefited from incorporating Bitcoin into their balance sheets.
The move is designed to leverage Bitcoin’s characteristics as a digital store of value, including its limited supply and increasing institutional adoption. Cykel AI aims to use Bitcoin to hedge against inflation, enhance long-term returns, diversify its balance sheet, and create additional shareholder value outside of its core business activities.
This strategic shift comes as part of Cykel AI’s broader vision for innovation and growth. It follows the company’s announcement of a £750,000 proposed placing, the net proceeds of which are earmarked to support ongoing operations and kickstart the Bitcoin Treasury Reserve Strategy. The initial allocation of Bitcoin is scheduled to take place immediately after the completion of the placing, set for June 6, 2025.
Ewan Collinge, CEO & Founder of Cykel AI, stated that the integration of Bitcoin into the company’s treasury management aligns with its commitment to pioneering approaches in all business areas. He likened the adoption of digital assets to the company’s portfolio of autonomous digital workers, such as Lucy for recruitment, Samson for research, and Eve for sales, as indicative of the future of business operations.
Cykel AI’s initiative places it among a growing list of companies like MicroStrategy Inc (NASDAQ:MSTR)., Block Inc., Tesla (NASDAQ:TSLA) Inc., and Hut 8 Mining, which have reported positive outcomes from similar Bitcoin treasury strategies. Notably, MicroStrategy’s Bitcoin holdings have seen a significant increase in value, from $250 million to over $40 billion since 2020.
The information regarding Cykel AI’s new treasury strategy is based on a press release statement. The company’s decision reflects a trend among certain tech-forward enterprises to diversify their treasury assets and manage risks associated with traditional financial systems.
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