Shuntai Holdings has announced a HK$70 million investment in cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Filecoin (FIL). The company plans to use internal financial resources for these transactions, as disclosed in an announcement on the Hong Kong Stock Exchange.
To manage its virtual asset business, Shuntai Holdings has formed a dedicated team and implemented strict internal controls. These measures include a transaction limit of no more than 10% of the unused budget, a stop-loss threshold of 20%, and maintaining at least 5% of the portfolio in stablecoins to mitigate risks.
Shuntai Holdings Allocates HK$70 Million to Cryptocurrency Investments
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