Ault Alliance to Begin Holding Bitcoin on Its Balance Sheet, Marking Change in Financial Strategy
Ault Alliance(AULT) Businesswire·2024-01-10 19:30
LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced that the Company has decided that it will start holding up to 20 percent and minimum of five percent of the Bitcoin it mines on the Company’s balance sheet. This strategic move is part of the Company’s broader plan to adjust its asset management approach to ultimately create a more valuable enterprise and drive stockholder value. Milton “Todd” Ault III, ...