The US-listed company Cycurion has established a cryptocurrency subsidiary and plans to invest 10 million dollars to purchase Bitcoin and Ether.

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According to a report by Globenewswire on July 15, Deep Tide TechFlow announced that cybersecurity company Cycurion (NASDAQ: CYCU) has established a wholly-owned subsidiary, Cycurion Crypto, and plans to allocate $10 million from its existing $60 million equity credit facility to create a cryptocurrency reserve for the long-term holding of Bitcoin (BTC) and Ethereum (ETH).

Cycurion CEO Kevin Kelly stated that this move aims to diversify the company's cash reserves, seize potential opportunities in the blockchain economy, while maintaining a cautious capital allocation strategy. The new subsidiary will enhance Cycurion's positioning in the blockchain security field, intersecting with the company's core zero-trust and cybersecurity products, creating more revenue opportunities for the future.

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