Shun Tai Holdings Invests $9 Million in Crypto, Targets Market with New Strategy

Hong Kong-based company Shun Tai Holdings is venturing into the cryptocurrency sector. The firm has announced a significant investment of HKD 70 million ($9 million USD) to fuel its crypto trading activities, according to a statement to the Hong Kong Stock Exchange (HKEX). 70 million dollars will be allocated from internal funds, with Shun Tai Holdings prioritizing the use of this money for cryptocurrency market exploration.