Cycurion will allocate $10 million pending board approval from the proceeds from future sales under its existing $60 million equity line of credit (ELOC) to establish a crypto treasury, focused on acquiring Ethereum (ETH) and Bitcoin (BTC) as long-term holdings. This move enables Cycurion to diversify its cash reserves and capture potential upside in the blockchain economy while maintaining its disciplined capital allocation approach.
“The launch of Cycurion Crypto aligns directly with our mission to build secure digital infrastructure while actively participating in the evolving blockchain landscape,” said Kevin Kelly, CEO of Cycurion. “We see Bitcoin and Ethereum as foundational elements of the digital economy, and our strategic allocation enables Cycurion to enhance shareholder value while positioning ourselves for opportunities in blockchain-based cybersecurity.”
https://www.globenewswire.com/news-release/20...tcoin.html