PANews reported on June 3 that according to Cryptotimes, SolarBank, a North American solar and energy storage project developer, announced that it would follow Strategy and use Bitcoin as its financial reserve asset. The company has applied to open a Coinbase Prime account for Bitcoin custody and plans to combine self-custody wallets to manage assets. SolarBank said that this move is aimed at hedging against inflation and legal currency depreciation risks, while attracting technology investors who are interested in cryptocurrency and DeFi.

Richard Lu, the company's CEO, said that Bitcoin is in line with its long-term strategy in the energy and financial sectors, but the specific purchase plan will depend on market conditions, Bitcoin prices and cash flow, and the possibility of adjusting the strategy is not ruled out. SolarBank has not purchased any Bitcoin yet, and reiterated that its core business is still the development and operation of renewable energy projects.