Iveda Approved to Adopt Cryptocurrency as Part of Treasury Strategy
Forward-looking treasury strategy reinforces Iveda's readiness to engage with emerging digital assets
Iveda® (NASDAQ:IVDA)––Iveda® (NASDAQ:IVDA), a global leader in AI video and smart city technologies, today announced that its Board of Directors has authorized the company to acquire cryptocurrency, reflecting the company's forward-looking approach to capital allocation, asset diversification, and innovation. This decision underscores Iveda's dedication to seizing transformative opportunities in the evolving digital economy.
"Adding cryptocurrency to our treasury is another way we're positioning Iveda for the digital future," said David Ly, Iveda founder and CEO. "Rather than simply chasing market trends, we are taking a strategic step to provide our shareholders with another avenue for potential value creation. We've spent more than two decades building cloud-based solutions that transform how organizations operate, and now we're applying that same forward-thinking approach to how we manage our own capital."
This move places Iveda among a growing number of public companies that have added cryptocurrency to their corporate treasuries as an alternative source of value. As Iveda expands its reseller network worldwide and anticipates increased revenues from these partnerships the timing for additional treasury strategies is on point.
"This move presents an exciting opportunity for our shareholders," said Bob Brillon, Iveda CFO. "As someone who's taken several companies public and managed growth capital throughout my career, I see cryptocurrency as a natural evolution in corporate treasury management. By proactively securing approval from Iveda's Board of Directors, we're taking a measured approach allowing us to prepare for digital asset appreciation while maintaining the financial discipline that's been key to our success at Iveda."
For more information, visit iveda.com or contact Investor Relations.
About Iveda Solutions®
Iveda (NASDAQ:IVDA) is the provider of global solutions for cloud-based, video AI search and surveillance technologies that protect the people, places, and things that matter the most. Iveda's technology has the power to provide instant intelligence to existing infrastructure, enabling cities and organizations around the world to seamlessly enter the fifth industrial revolution. Iveda operates at the forefront of digital transformation of cities across the world, using IoT platforms with smart sensors and devices developed to aid with use cases surrounding public safety, security, elderly care, energy efficiency, and environment preservation. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol "IVDA".
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