Chinese company announces investment of $100 million in cryptocurrency
A company from China announced that it will pour money into the crypto sector.
Inkeverse, a Chinese livestreaming company listed in Hong Kong, announced on March 26 that its board of directors has approved a $100 million budget for the group to buy cryptocurrencies on any platform. Which transactions are licensed in the next 5 years?
The company will use its existing cash reserves as funding for cryptocurrency purchases.
“Inkeverse's cryptocurrency purchases will be funded from existing cash reserves.
As of the date of this announcement, the Group has not purchased any cryptocurrencies.
It should be noted that any cryptocurrencies that the Company may buy or sell will be subject to market conditions and at the discretion of the Board of Directors.
The cryptocurrency market is volatile in short periods of time, and cryptocurrency prices also experience large fluctuations. Therefore, no guarantees are given as to the timing, amount, type or price of any cryptocurrency purchased or sold by the company.”
#Write2Earn
#BinanceVietnamSquare