According to Deep Tide TechFlow on August 20, as reported by Decrypt, the three affiliated companies under AMTD Group, listed on the New York Stock Exchange, have proposed a cryptocurrency exchange stock plan. This plan will allow holders to exchange their newly issued stocks for Bitcoin, Ethereum, USDT, BNB, and USDC.
The three companies participating in the program are AMTD IDEA (AMTD), AMTD Digital (HKD), and The Generation Essentials Group (TGE). The stock pricing will be determined through mutual negotiation based on the current market value. AMTD Group stated that the program aims to serve as a bridge between cryptocurrency assets and the New York Stock Exchange.
It is worth noting that all three companies are small-cap publicly traded companies, with market values of $176 million, $509 million, and $161 million, respectively.
