BlockBeats reported that on August 13, 707 Cayman Holdings Limited (NASDAQ: JEM) is a company registered in the Cayman Islands, primarily engaged in the sale of high-quality apparel products and providing comprehensive supply chain management solutions. The company announced today that it has signed a memorandum of understanding (hereinafter referred to as 'MOU') with Precious Choice Global Limited. Precious Choice is a limited liability company registered in the British Virgin Islands.
According to the MOU, 707 Cayman will collaborate with Precious Choice to explore the establishment of a cryptocurrency reserve fund, including but not limited to Bitcoin, BNB (Binance Coin), Ethereum, etc., and plans to significantly increase holdings within the next 12 months, with specific details still under negotiation.
The company's board of directors believes that the virtual asset and Web3 sectors have attracted the attention of global investors and stakeholders. By signing the MOU, the company can explore the Web3 industry, gain a deeper understanding of blockchain technology, and leverage Precious Choice's experience in blockchain to jointly promote the sustainable development of the virtual asset industry.
