Newfire Technology, a Hong Kong-listed company, has announced a plan to acquire up to $5 million worth of Bitcoin. In the initial phase, the company has already purchased approximately 24.29 Bitcoins for about $2 million, with an average price of $82,338 per Bitcoin. This acquisition represents nearly half of the planned investment. The company clarified that since the transaction percentages are below 5%, it does not qualify as a disclosable transaction under Chapter 14 of the Listing Rules, but will be reported as required by the regulations.
Newfire Technology Initiates $5 Million Bitcoin Purchase Plan
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