Shun Tai Holdings Invests HKD 70 Million to Expand Cryptocurrency Business

According to reports from HashKey, Shun Tai Holdings has announced an investment in cryptocurrency, reallocating approximately HKD 70 million from internal financial resources for cryptocurrency trading. The company has established a professional team to manage its virtual asset business, primarily investing in cryptocurrencies with a history of over five years and good liquidity, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Filecoin (FIL). To control risk, the company has implemented strict internal control measures, including limiting each transaction to no more than 10% of the unused budget, setting a stop-loss threshold of no more than 20% of the purchase price, and ensuring that stablecoins make up at least 5% of the investment portfolio.