US-listed company Sky Quarry announces launch of digital asset treasury and plans to raise 100 million USD

According to ChainCatcher, Nasdaq-listed company Sky Quarry has announced the launch of a digital asset treasury, aiming to strengthen the company's balance sheet to drive business growth. The company also disclosed that its board of directors has approved seeking to raise $100 millions to support its digital asset financial strategy in phases, while retaining sufficient working capital for operational activities.