$SOL NewGenIvf Group Limited (NIVF), a company providing fertility services in Asia, announced a $30 million investment in the Solana Staking platform. This move follows its initial $1 million investment in Bitcoin in December 2024 and represents a significant expansion in the company's digital asset strategy.
The funding for this investment will come from two existing credit lines - $26 million from ATW and $100 million from White Lion. NewGen's management stated that this move reflects the growing confidence in blockchain assets and decentralized finance. The company also plans to create a separate unit to manage digital asset operations.
NewGen Staking strategy of $30 million in SOL
NewGen is using this investment to build a broader footprint in digital assets, emphasizing that $30 million will be used on the Solana (SOL) platform. CEO Sio Wing Fung Alfred commented: "This investment represents a natural evolution of our digital asset strategy and positions us strategically within the thriving digital asset market." He added that the SOL investment will create value for shareholders and diversify the company's investment portfolio.
The plan includes the establishment of a subsidiary to manage all activities related to blockchain technology, allowing NewGen to focus on operations and strategically expand in this field. This structure aims to improve decision-making processes and provide flexibility in the rapidly changing digital asset market.
#MyCOSTrade #CEXvsDEX101 #TradingTypes101 #TradingTypes101 #EDGENLiveOnAlpha #DGENLiveOnAlpha
