According to TechFlame, according to Globenewswire, cybersecurity company Cycurion (NASDAQ: CYCU) announced the establishment of a wholly-owned subsidiary Cycurion Crypto and plans to allocate $10 million from its existing $60 million equity credit facility to establish cryptocurrency reserves for long-term holding of Bitcoin (BTC) and Ethereum (ETH) after approval by the board of directors. Cycurion CEO Kevin Kelly said the move was aimed at diversifying the company's cash reserves, seizing potential opportunities in the blockchain economy, while maintaining a prudent capital allocation strategy. The new subsidiary will reinforce Cycurion's position in blockchain security, which intersects with the company's core zero-trust and cybersecurity products, creating more revenue opportunities for the future.