‘Education companies can’t help but ‘skip class’ to trade crypto? Hong Kong-listed companies are also unable to resist FOMO, preparing to throw 30 million HKD into the crypto market!
Brothers, here’s some fresh news! A Hong Kong-listed company with a very serious-sounding name, 'Heritage Education Group,' has just officially announced that it will enter the crypto market! They plan to spend up to 30 million HKD, and they said this money is 'company’s private funds,' not borrowed.
Why are they doing this? The big shots on the company's board are really optimistic about the crypto world! They feel that the current market conditions are simply perfect: timing, location, and personal connections.
Regulations are getting more favorable ('supportive regulatory development'): unlike before when everyone was shouting to ban it, now many places are starting to set rules, and there are more legal and compliant channels.
Big players (institutions) are flooding in: those suited folks from Wall Street are coming in with their money bags, and we can't fall behind! Just like a machine, BlackRock is already holding over 300,000 coins! What a strong signal!
More and more people are getting involved, especially retail investors in Asia: doesn't it feel like there are more people around you talking about and buying coins? The company sees this as a long-term trend, and the folks from Asia are very enthusiastic!
What if they mess it up? The company isn't stupid; they know that the crypto market is highly volatile and hard on the heart. So they've specifically set up a 'buying decision-making group' (investment committee), led by a big shot named Yuan Yushen, an executive director. The task of this group is: to study how to buy (strategy), control losses (risk management), and then provide advice to the big bosses. They are focusing on cryptocurrencies and virtual assets.
Wow! Even publicly traded education companies can't sit still anymore. Isn't this signal clear enough? Although 30 million isn't astronomical for a listed company, this change in attitude says a lot—traditional funding's recognition of crypto assets is skyrocketing! However, there are also examples of traditional companies failing in crypto, so I hope their 'buying group' really knows what they are doing and isn't just blindly excited by the K-line charts.
Education companies are starting to 'make up for lost lessons' in crypto. Do you think this is another shot in the arm for a bull market, or is it just the beginning of traditional capital entering the scene? Follow me to catch the movements of big funds in the crypto world first-hand!
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