A publicly traded clean electricity company begins to stifle Bitcoin.

It’s not just MicroStrategy with its$ 48 billion in Bitcoin: Even smaller, Nasdaq-listed firms are optimistic when it comes to stockpiling the leading crypto.

Another technical company announced on Tuesday that it would use extra funds to purchase and process cryptocurrency and take it for payments. Nuvve ( NASDAQ: NVVE), which has electric vehicle charging technology and is engaged in the green energy sector, announced on Tuesday that it would use 30 % of its cash to purchase the asset and reserve it for.

Nuuve added that adopting Bitcoin may expand the company’s bank holdings. &nbsp,

A number of Nasdaq-listed businesses have started copying technology firm MicroStrategy’s thought of buying Bitcoin to get better results for owners. With over$ 48 billion in BTC in its treasury, the business started acquiring it in 2020, becoming the largest corporate owner of the asset. And as a result, its share price has increased precipitously.

Nuuve sells vehicle-to-grid technology that allows EVs to business and resell power back to the local grid as well as charging stations for electric vehicles. &nbsp, The business did not immediately respond to&nbsp, ‘s request for comment.

The company’s stock price is up nearly 3 % on the day to$ 2.84, as of this writing, though the firm’s share price has struggled of late: It’s down 13 % over the last month and 51 % in six months.

Last week, real estate tech company Fathom Holdings ( NASDAQ: FTHM) said it would allocate up to half of its excess cash reserves to Bitcoin. Last month, health care businesses Semler Scientific and Cosmos Health, as well as car company Worksport, announced their own separate crypto-buying techniques. &nbsp,

Because of the high returns, MicroStrategy’s founder and chairman claims that businesses can survive long if they buy Cryptocurrency rather than hold cash. Some investors claim that the bitcoin can be used as a successful prices wall.

Larger companies have been slower to adopt a Bitcoin standard, though, although electric car company Tesla is an exception: the Nasdaq-listed giant is the sixth-largest corporate holder of the cryptocurrency, with over$ 1 billion in its vault. &nbsp,