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Skycorp Solar Group Limited (PN) announced the activation of its Strategic Digital Asset Reserve Account and an agreement to acquire solar power stations as part of its expansion strategy.
The company executed its first digital asset transaction on August 12, 2025, purchasing 32.76 ETH through an automated trading system. The reserve account enables systematic acquisition of Bitcoin, Ethereum, and stablecoins as strategic assets under what the company calls its disciplined investment approach.
Separately, Skycorp signed a definitive agreement to acquire 8,705KW of solar power stations for approximately RMB30.5 million ($4.25 million). The transaction is expected to close by the end of November 2025, subject to customary closing conditions.
The initiatives fall under the company’s "Pegasus Strategy," overseen by a newly formed Investment Committee chaired by CEO Weiqi Huang. The committee will provide quarterly updates on both renewable energy acquisitions and digital asset investments.
"Manufacturing is the backbone of Skycorp, representing its core strength," Huang stated in the press release. He described the dual expansion as creating "twin growth engines" alongside the company’s solar cable and connector manufacturing operations.
Skycorp manufactures solar cables and connectors through its subsidiary Ningbo Skycorp Solar Co., Ltd. in China. The company operates as a solar photovoltaic product provider serving enterprise customers globally.
The Investment Committee will conduct all digital asset transactions under compliance and risk management protocols, with regulatory disclosure requirements. The solar power station acquisition aims to strengthen the company’s renewable energy operations.