A NASDAQ-listed company raised $30 million to invest in digital assets, purchasing $4.4 million in BTC and ETH.

robot
Abstract generation in progress

[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.

BTC0,77%
ETH1,38%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
FancyResearchLabvip
· 12-26 13:51
Another useless innovation, but this time it's a publicly listed company taking it seriously. It should be feasible in theory, right?
View OriginalReply0
BoredRiceBallvip
· 12-23 14:50
9 million dollars poured in, such appetite, traditional big capital can no longer sit still.
View OriginalReply0
On-ChainDivervip
· 12-23 14:50
Oh no, even listed companies have started to buy the dip, it seems that institutions really believe it.
View OriginalReply0
BearEatsAllvip
· 12-23 14:28
Is it true that public companies are also going all in? They must be very optimistic.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)