Shun Tai Holdings Plans to Invest HKD 70 Million in Cryptocurrency

According to Foresight News, the Hong Kong Stock Exchange announcement shows that Shun Tai Holdings Group Limited plans to include BTC, ETH, BNB, FIL, and stablecoins (such as USDT and USDC) in its cryptocurrency investment portfolio. The group intends to allocate approximately HKD 70 million for cryptocurrency trading, some of which has already been used to purchase Filecoin tokens at a trading price of USD 2.1-2.3 per unit. Additionally, Shun Tai Holdings is considering using cryptocurrencies for payment settlements and has disclosed that the proportion of stablecoins in the portfolio will not be less than 5%.