VCI Global, a Malaysia-based company listed on Nasdaq (VCIG), has revealed its intention to acquire $100 million in OOB tokens and manage the digital treasury of OOBIT, a Singaporean crypto payment platform established in 2017. In a recent announcement, it was disclosed that Tether will become VCI Global's largest shareholder through its investment in OOBIT, alongside notable investors like Solana co-founder Anatoly Yakovenko, CMCC Global, and 468 Capital. VCI Global initially purchased $50 million in OOB tokens from the OOB Foundation at a market cap of $200 million, equating to $0.20 per token, using company shares as payment. The firm plans to acquire an additional $50 million in OOB tokens from the open market post-launch. VCI Global, which focuses on technology and investment in AI, digital finance, and data infrastructure, raised $25 million in a Series A funding round in February 2024 to enhance its crypto payment application. Following the announcement, VCI's shares dropped over 20% in early trading. Read more AI-generated news on: https://app.chaingpt.org/news

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