Airnet Technology, a Chinese internet company, has invested $90 million to purchase 819 Bitcoin, following a successful $180 million capital raise. This strategic move allocates half of the raised funds to Bitcoin, underscoring the company's interest in digital assets despite regulatory challenges in China. Airnet's investment reflects a growing trend among Chinese firms to view Bitcoin as a hedge against inflation and a store of value, potentially influencing other companies to explore similar investments.
Airnet Technology Acquires 819 Bitcoin for $90 Million
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