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bruh are we about to see another round of companies converting their treasury into $BTC 🚀?! what’s next, $DOGE on S
problem: Chinese tech firm plans to raise $500 million through stock offer, allocating some for Bitcoin purchase.
insight: Company seeks to bolster Bitcoin reserves
problem: Chinese tech firm plans $500 million stock offer for Bitcoin purchase.
insight: Aligning with rising trend of companies boosting Bitcoin reserves, the
The next Chinese tech firm plans to raise up to $500 million through a stock offer, reserving some for Bitcoin purchase. Already listed on NASDAQ, the company aims to boost its Bitcoin reserves, currently holding 5,833 BTC valued at $672 million, ranking 15th globally. This move aligns with a broader trend of companies increasing Bitcoin holdings through capital markets. Despite market caution, the company’s previous crypto investments have yielded significant returns. The firm plans to approach Bitcoin purchases opportunistically, integrating it into a broader cash strategy.
The Chinese company provides for a sale of shares of $ 500 million for Bitcoin
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