Deep Tide TechFlow News, August 7, according to The Block, Hong Kong listed company DL Holdings plans to raise HKD 653.3 million (approximately USD 83.2 million) through a share placement. According to the announcement, the company will place shares to no fewer than six buyers at a price of HKD 2.95 per share, with the placement shares accounting for approximately 13.58% of the company's current issued share capital.

The raised funds will mainly be used in the following areas: 30% for tokenization of physical assets and strategic investments, 15% for Bitcoin mining business and reserves, 8% for the development of digital assets and stablecoin business, 7% for applying for a cryptocurrency trading license in Hong Kong, and the remaining funds will be used for IT infrastructure, ETF development, real estate investment in the United States, and operating capital.