Arizona Tribune - Nocera Announces $2 Million Allocation for the Acquisition of Bitcoin (BTC)

Bitcoin purchased will be held in the U.S. with an institutional-grade custodian. While Bitcoin represents the Company's initial digital asset initiative, Nocera expects to remain flexible in its approach and may evaluate additional assets and strategies over time as part of its evolving digital asset strategy.

As previously announced, the Company secured an up to $300 million convertible note facility to support the Company's long-term strategic vision, of which a portion of the proceeds may be used to support digital asset acquisitions and initiatives. Additionally, the Company continues to advance its acquisition strategy, focused on identifying and pursuing transactions it believes may enhance long-term shareholder value.

"This is a pivotal moment for the Company," said Andy Jin, CEO of Nocera. "This allocation marks the beginning of the Company's digital asset strategy. We believe Bitcoin provides diversification for our corporate treasury while maintaining flexibility for the Company to pursue strategic transactions."

About Nocera, Inc.

Nocera (NASDAQ:NCRA) is a dynamic, industry-agnostic, acquisition-focused company dedicated to identifying and acquiring businesses that demonstrate strong core values and exceptional business acumen. With a strategic focus on fostering growth and creating long-term value, Nocera seeks to partner with companies that align with its overall vision for success. To learn more about Nocera and its approach, please visit the company's official website at www.nocera.company.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should," "will" and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties. These risks and uncertainties include, but are not limited to, general economic and business conditions, the Company's ability to execute its growth strategy, maintain compliance with Nasdaq listing standards, and respond to market conditions, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the Company's control. Readers are encouraged to read the risk factors included in our annual reports and quarterly reports we file with the Securities and Exchange Commission. Actual events or results may differ materially from those described in this press release due to any of these factors. Nocera is under no obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Investor Contract

Hanover International
[email protected]

SOURCE: Nocera, Inc.

View the original press release on ACCESS Newswire

W.Stewart--AT