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Sky Quarry plans to raise $100 million to support the launch of its digital asset treasury.
According to Mars Finance, Nasdaq-listed company Sky Quarry announced the launch of a digital asset treasury, aimed at enhancing the company's balance sheet to drive business rise. It is reported that the company also disclosed that its board has approved seeking to raise $100 million to support its digital asset financial strategy in phases while retaining sufficient operating capital for business operations.