US-listed company Treasure Global plans to invest $100 million in cryptocurrency
According to CoinDesk, the US-listed e-commerce and fintech company Treasure Global (TGL) plans to invest up to $100 million in cryptocurrency as part of its new capital strategy.
The company will invest in Bitcoin, Ethereum, and "regulated stablecoins," with funding sources including existing equity financing tools ($50 million) and institutional partnerships ($50 million).
Treasure Global stated that the funds will be used to support its AI-driven consumer analytics platform, which is scheduled to launch later this year. The company added that the digital asset reserve initiative aims to enhance balance sheet efficiency and lay the foundation for future features such as tokenized loyalty programs and crypto payments.
It is noteworthy that Treasure Global currently has a market value of $4.34 million, and its stock price rose by more than 11% on Wednesday.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The AI arms race extends upstream! Reports say Intel, Nvidia, and AMD are prepaying over 100 billions NTD to secure advanced IC substrate production capacity.
NVIDIA, Intel, and AMD have collectively spent $5 billion in advance payments to aggressively secure high-end IC substrates from Taiwan. Driven by "big money for guaranteed orders," the top three Taiwanese substrate manufacturers have invested a record NT$161.2 billion to expand their production capacity. The tech giants' substantial financial commitments to secure supply chains highlight the intense competition and extreme scarcity of core AI materials.
Brent Crude Oil Hits $116 as Markets Weigh Another Inflation Shock
Crypto prices
More
