ZhiYun International has formed a strategic partnership with CEX and completed its first Bitcoin purchase, transforming into a Bitcoin reserve listed company.

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On September 29, Hong Kong-listed company WebX International Holdings (8521.HK, Zhi Yun Guo Ji) announced that its subsidiary has reached a strategic cooperation with licensed virtual asset financial service group CEX and completed its first purchase of Bitcoin, officially transforming into a Bitcoin Accumulation Company (BAC). Abraham Gomez, founder of the institutional platform ASL, one of Zhi Yun Guo Ji's investors, stated that in order to differentiate from traditional Bitcoin treasury (DAT) companies, BAC aims to treat Bitcoin as a core reserve asset and continuously accumulate through multiple channels and diversified paths to achieve long-term rise in Bitcoin per share (BTC/share). Zhi Yun Guo Ji has previously received strategic investments from Wall Street and blockchain core capital, including Sopris Capital and Blockware CEO Mason Jappa. In the future, Zhi Yun Guo Ji plans to increase its layout in computing power services, encryption asset securitization, and Web3 finance, with the goal of creating a leading innovative stock in Bitcoin financial services in Hong Kong and even globally.

BTC3.58%
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