Hong Kong Firm Invests $9 Million in Cryptocurrency

A traditional Hong Kong company, Shun Tai, has made a significant move into the cryptocurrency world by investing $9 million. The firm publicly announced its investment strategy on the Hong Kong Stock Exchange, detailing its commitment to established cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). A specialized team will manage this venture, focusing primarily on well-established, high-liquidity assets with a five-year track record. Stablecoins such as USDT and USDC will make up at least 5% of the portfolio for balance and liquidity, signifying a strategy of diversification and stability within their crypto holdings. Shun Tai’s commitment to building infrastructure is further highlighted by recent acquisitions of new equipment, showcasing its serious intentions in the sector. This investment marks a growing trend amongst Asian companies venturing into mainstream digital asset strategies. Shun Tai joins other firms actively bridging traditional finance and the expanding crypto economy.