Yuxing Technology Announces Sale of 1,220 Ethereum on the Open Market
According to the latest report from Zhitong Finance, the Hong Kong-listed technology company, Yuxing Technology, has conducted a notable cryptocurrency transaction series from August 2024 to mid-2025. In total, this company sold 1,220 units of Ethereum at an average price of 2,814 USD each, equivalent to a total value of 3.4 million USD (26.8 million HKD).
Details of Transactions and Cryptocurrency Asset Conversions
In the period from 4/8/2024 to 17/1/2025, Yuxing Technology converted 785 Ethereum into 2.4 million USDT – a popular stablecoin, increasing liquidity and stabilizing assets on the balance sheet. The remaining 435 Ethereum was sold directly on 23/6/2025 for a value of 1 million USD (7.6 million HKD), boosting the group's cash flow.
Significance and Impact on the Cryptocurrency Market
Yuxing Technology's continuous divestment of Ethereum over nearly a year marks an effective risk management trend in the cryptocurrency investment portfolios of listed companies. This move can be seen as a strategy to optimize cash flow, especially in the context of Ethereum price fluctuations in the global market.
The conversion to USDT shows a priority for liquidity and minimizes fluctuations in the value of digital assets. This also opens up the possibility of professionalizing digital asset management for modern financial institutions.
Conclusion
The transaction chain of Yuxing Technology provides a practical example of how listed companies utilize the mechanism of buying and selling cryptocurrencies to ensure financial efficiency and risk management. This is also a positive sign of transparency and readiness to adapt to the rapidly growing digital financial market. This planned sell-off policy helps optimize asset value and strengthen Yuxing Technology's position in the global market.
Source: https://tintucbitcoin.com/yuxing-technology-ban-1-220-eth-gay-sot/
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