US listed company Robin Energy uses Bitcoin as its main fiscal reserve, with an initial allocation of $5 million

According to Foresight News, US listed company Robin Energy (NASDAQ: RBNE) announced that its board of directors has unanimously approved Bitcoin as the primary fiscal reserve asset and has authorized an immediate allocation of $5 million. The above allocation is part of the newly adopted comprehensive Bitcoin funding framework, which aims to use 50% of its long-term cash reserves for any potential purchases outside of the initial allocation and deploy it to Bitcoin through a strict dollar cost averaging method.