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A NASDAQ-listed company raised $30 million to invest in digital assets, purchasing $4.4 million in BTC and ETH.
[Chain News] A traditional publicly listed company is also laying out plans for digital assets. The e-commerce and Supply Chain platform listed on NASDAQ recently announced that it secured $30 million in convertible note financing, intending to initiate a digital asset treasury strategy. How will this money be spent? The first phase will invest $9 million, with $4.4 million directly poured into Bitcoin and Ether, while the remainder will be used to bolster operating funds and the balance sheet. Interestingly, 80% of subsequent financing will continue to acquire digital assets—this clearly indicates that encryption assets are being treated as a long-term strategic layout.
In fact, this company hinted as early as June this year that it would strategically shift towards cryptocurrency finance and blockchain infrastructure services. It now seems that this is not just talk, but a real financial investment. The evolution from traditional e-commerce to the digital asset field reflects an increasing number of listed companies reevaluating the value of the crypto ecosystem. Whether for institutions or enterprises, the attitude towards mainstream assets like Bitcoin and Ether has shifted from wait-and-see to actual allocation.