cycurion

ChainCatcher news, according to Globenewswire, cybersecurity company Cycurion (NASDAQ: CYCU) announced the establishment of a wholly-owned subsidiary, Cycurion Crypto, and plans to allocate $10 million from its existing $60 million equity credit line to establish a cryptocurrency reserve for the long-term holding of Bitcoin (BTC) and Ethereum (ETH) after board approval.Cycurion CEO Kevin Kelly stated that this move aims to diversify the company's cash reserves, seize potential opportunities in the blockchain economy, while maintaining a prudent capital allocation strategy. The new subsidiary will enhance Cycurion's positioning in the blockchain security field, intersecting with the company's core zero-trust and cybersecurity products, creating more revenue opportunities for the future.

ChainCatcher news, according to Globenewswire, cybersecurity company Cycurion (NASDAQ: CYCU) announced the establishment of a wholly-owned subsidiary, Cycurion Crypto, and plans to allocate $10 million from its existing $60 million equity credit line to establish a cryptocurrency reserve for the long-term holding of Bitcoin (BTC) and Ethereum (ETH) after board approval.Cycurion CEO Kevin Kelly stated that this move aims to diversify the company's cash reserves, seize potential opportunities in the blockchain economy, while maintaining a prudent capital allocation strategy. The new subsidiary will enhance Cycurion's positioning in the blockchain security space, intersecting with the company's core zero-trust and cybersecurity products, creating more revenue opportunities for the future.