BlockBeats News, June 12: According to an official announcement, Hong Kong-listed company Transcendence Education has announced plans to invest in cryptocurrencies, with a potential investment cap of up to HKD 30 million. The investment will be funded using internal resources and conducted in the open market via regulated and licensed virtual asset trading platforms.
The company's board of directors expressed an optimistic outlook on the cryptocurrency market, citing its benefits from supportive regulatory developments, increased institutional investments, the expansion of cryptocurrency ETFs, broader adoption, and growing retail penetration in Asia. On June 11, the company established an investment committee to review and provide recommendations to the board on investment strategies, particularly focusing on cryptocurrency and virtual asset investments.
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