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Yuxing Technology, a company listed on the Hong Kong Stock Exchange, has actively participated in the cryptocurrency market, conducting transactions worth millions. Between July 25 and December 31, 2024, the company acquired about 78.2 units of Bitcoin, investing approximately $6.3 million at an average price of $80,960 each. This bold move highlights Yuxing’s confidence in Bitcoin’s value and potential for substantial returns.
Additionally, the company sold around 6.3 million units of USDT, each at a rate of $1, generating funds used to support their Bitcoin acquisitions. These transactions demonstrate Yuxing Technology’s strategic shift towards cryptocurrency, signaling a strong belief in the future of digital assets and positioning itself as a leader in technological investment.