Sky Quarry Inc. (NASDAQ: SKYQ) shares began Tuesday in the green. The Woods Cross, Utah-based company, an integrated energy concern focused on sustainable resource recovery, today announced a strategic initiative to establish a digital asset treasury as part of its broader capital allocation strategy.
Recognizing the growing institutional acceptance of digital assets in public markets, Sky Quarry is actively exploring how a targeted digital asset strategy can complement and enhance its existing business model.
The company believes this approach will not only strengthen its balance sheet but also unlock meaningful value for shareholders. The initiative aims to improve transparency, boost capital efficiency, and build long-term confidence in the company’s financial foundation.
As part of this initiative, Sky Quarry is in early discussions to secure commitments that would result in a diversified portfolio of digital assets, including digital currencies, stablecoins, and other blockchain-based instruments.
To support the development and execution of this strategy, the Company has formed an internal working group and engaged industry advisors with expertise in digital custody, capital markets, and the broader blockchain ecosystem.
“By leveraging digital technologies,” according to this morning’s news release, “Sky Quarry aims to position itself at the forefront of the energy transition. The Company’s goal is to bridge traditional and renewable energy sectors through a unified, transparent, and accessible digital marketplace.”
SKYQ shares inched up 0.5 cents to 59 cents.
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