Lianzhong’s Stock Soars on Bitcoin and Ethereum Investment

Hong Kong-based company Lianzhong (06899.HK) is experiencing a substantial stock surge following the announcement of its subsidiary, AGAE, investing in both Bitcoin and Ethereum. Shares have risen over 35%, reaching 0.4 HKD as of reporting time. This investment marks an ambitious strategy for Lianzhong to integrate cryptocurrency into its balance sheet, paving the way for blockchain applications and real-world asset tokenization.