According to a statement made to the Hong Kong Stock Exchange (HKEX), Shun Tai Holdings announced plans to invest 70 million Hong Kong dollars (approximately 9 million US dollars) in a new step towards the cryptocurrency 0 Tai Holdings Invests HKD 70 Million in Crypto The company aims to use this fund entirely from internal sources for cryptocurrency trading 1 statement noted that the company has accelerated its preparations for cryptocurrency investments and has purchased a large amount of equipment to this 2 was also reported that Shun Tai Holdings has begun investing in Filecoin (FIL), purchasing between $2.1 and $2.3 per 3 company has established a dedicated team to manage its virtual asset 4 team will primarily invest in high-liquid cryptocurrencies with at least five years of 5 cryptocurrencies in its investment portfolio include Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Filecoin (FIL).
The company also prioritizes stablecoins like USDT and USDC for portfolio 6 to the official announcement, stablecoins will account for at least 5% of the 7 strategic move by Shun Tai Holdings reflects the growing interest of traditional companies in Asia in crypto assets and the stronger integration of digital finance into mainstream investments. *This is not investment 8 Reading: Hong Kong-Based Company Shun Tai Holdings Announces Four Cryptocurrencies It Has Invested in! Here Are the Details
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