China Financial Leasing Group, a Hong Kong Stock Exchange-quoted company, has announced plans to raise funds to fund the development of a Bitcoin (BTC) and cryptocurrency investment platform.
The company indicated today, October 6th The aim is to raise $86.7 million from Hong Kong (equivalent to USD 11.1 million), through equity placement.
In total, they will issue 69.38 million shares to Innoval Capital from Hong Kong at $1.25 per share, as highlighted in the country’s pre-bag presentation.
Similarly, the company’s board of directors indicated that They are used to invest in exchanges, stubcoins, Bitcoin, and Etashar (ETH), which is Ethereum’s native cryptocurrency. Additionally, it includes Real Worldwide Asset Acquisition (RWA), Non-Effective Tokens (NFTs), Decentralized Finance Projects (DEFI), and Decentralized Physical Infrastructure Platforms (DEPIN).
After getting the news, Stock market action shot up 30% on Monday and closedas observed in the following graph:
In this way, Digital asset accumulation strategy expands to Hong Konga market amounting to $5,241 million, equivalent to approximately $6.45 billion. Hong Kong bags are classified as the 6th largest in the world.
As reported by Cryptonotics, a growing number of companies are participating in the trend of institutional accumulation of digital assets, with the aim of incorporating them as part of the Treasury reserves.
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