en.bitcoinsistemi.com
As institutional investors continue to see the power of cryptocurrencies, reserve plans are being announced one after another.
At this point, the latest reserve news came from a company listed on Nasdaq called Aurora Mobile.
Accordingly, the Chinese company Aurora Mobile has chosen four cryptocurrencies as part of its reserve strategy: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and $SUI.
Aurora Mobile has approved the investment of up to 20% of the company’s and its consolidated assets’ cash and equivalents in Bitcoin, Ethereum, Solana, and $SUI.
“Aurora Mobile will invest up to 20% of the Company's and its consolidated entities' cash and cash equivalents in cryptocurrencies and other digital assets.
These investments may include, but are not limited to, Bitcoin, Ethereum, Solana, $SUI and other tokens.
This decision reflects the Company's commitment to innovative treasury practices and focus on creating long-term value for shareholders.”
Aurora Mobile Chairman Mr. Weidong Luo said:
“By investing in digital assets, we increase our portfolio diversification by gaining exposure to cryptocurrencies, an asset class with low correlation to traditional markets.
We are also providing a foothold in forward-thinking innovation by keeping up with technological advances that are reshaping global finance.”
Yesterday, another Chinese company, Nano Labs, announced that it included $BNB as part of its treasury strategy.
According to the official statement, Nano Labs announced that it has signed a $500 million convertible note agreement for the purchase of Binance Coin ($BNB).
*This is not investment advice.