According to reports from the Central News Agency, cable and broadband provider Dafeng Electric held a board meeting today to decide to establish a 'Digital Asset Committee' that will include Bitcoin in its long-term reserves, becoming the first publicly listed company in Taiwan to incorporate digital currency assets into its long-term reserve assets.
Dafeng Electric stated that Bitcoin, with its fixed supply, decentralized structure, and high global liquidity, is hailed as the new generation of 'digital gold'. In a volatile economic and financial environment, it can provide greater stability and flexibility for capital.
Dafeng Electric's director, Dai Yonghui, will serve as the convener of the company's Digital Asset Committee, which will include core departments such as risk management, legal affairs, cybersecurity, and strategy. The committee is responsible for establishing asset allocation principles, risk control mechanisms, and information disclosure regulations to ensure compliance with regulatory requirements while considering shareholder interests.
Dafeng Electric expressed confidence that a combination of diversified asset allocation and rigorous risk governance can establish a more solid foundation for the company's long-term development and continue to create value for shareholders and the business. The company also stated that this decision will not affect existing operating funds and daily business.
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