China Financial Leasing Group, a company that quotes on the Hong Kong Stock Exchange, announced its plans to raise funds to finance the development of an investment platform in Bitcoin (BTC) and cryptocurrencies.
The firm indicated today, October 6, which The objective is to raise 86.7 million dollars from Hong Kong (equivalent to 11.1 million US dollars), through a placement of shares.
In total, they will issue 69.38 million new shares to Innoval Capital at 1.25 dollars from Hong Kong per share, as highlighted in the presentation before the bag of that country.
Likewise, the firm’s board indicated that They will be used for investments in exchanges, Stablecoins, Bitcoin and Ethher (ETH), the native cryptocurrency of Ethereum. In addition, it includes real -world asset acquisitions (RWA), non -fungible tokens (NFT), decentralized finance projects (DEFI) and decentralized physical infrastructure platforms (Depin).
After the news was known, The stock market action shot up and closed on Monday with a 30% riseas observed in the following graph:
In this way, The digital asset accumulation strategy expands to Hong Konga market that reaches 50,241 billion Hongkonese dollars, equivalent to about 6.45 billion US dollars. Hong Kong’s bag is classified as the largest sixth worldwide.
As Cryptonotics reported, more and more companies are joining the trend of institutional accumulation of digital assets, with the aim of incorporating them as part of their treasury reserves.