Nuvve Holdings Corp., a publicly listed green energy company focused on electric vehicle (EV) charging, announced that it will invest up to 30% of its excess cash in bitcoin.

The company’s Board of Directors has approved the move, which marks Nuvve’s entry into the growing trend of public companies adding bitcoin to their balance sheets.

In a January 28 press release, Nuvve explained its Bitcoin strategy, saying it will diversify its treasury and prepare to accept bitcoin as a form of payment. The company says it believes bitcoin is a valuable asset and will improve payment options for customers and suppliers.

Gregory Poilasne, Nuvve’s CEO and founder, said, “BTC…

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