According to BlockBeats, on August 23, AMTD IDEA Group ('AMTD Group') (NYSE: AMTD; SGX: HKB), a company dual-listed on the New York Stock Exchange and the Singapore Stock Exchange, and a subsidiary of AMTD Group; AMTD Digital Inc. and The Generation Essentials Group ('TGE') (NYSE: TGE), jointly announced that cryptocurrency will become an important component of the liquidity 'strategic reserve' for the three companies.
The 'strategic reserve' includes bank deposits and other uncollateralized, unpledged, liquid investments, totaling approximately $240 million as of June 30, 2025. Specifically, the cryptocurrency asset portfolio to be prioritized will focus on Bitcoin (BTC), Ethereum (ETH), and USDT.
Among the three NYSE-listed companies under AMTD Group, TGE will be responsible for exploring and focusing on opportunities and developments related to cryptocurrency. The name TGE has contained a genetic meaning since its establishment, representing not only 'The Generation Essentials' but also symbolically referring to 'Token Generation Event'.
