Kaixin Holdings, a NASDAQ-listed company, has announced the launch of a digital asset management department to spearhead its new digital asset treasury strategy. The initiative aims to raise funds for investment in major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). Additionally, Kaixin is exploring the introduction of new strategic investors and plans to acquire high-value projects within the Web3 sector. The company has disclosed the issuance of 27,258,228 shares of common stock, comprising 22,158,228 Class A shares and 5,100,000 Class B shares, as part of its strategic expansion into digital assets.