PANews reported on August 13th that 707 Cayman Holdings, a US-listed company, has signed a memorandum of understanding (MOU) with Precious Choice Global Limited. The agreement outlines plans to collaborate on establishing a treasury reserve of cryptocurrencies, including Bitcoin, Binance Coin, and Ethereum, with plans to significantly increase holdings over the next 12 months. The MOU stipulates an exclusive one-year partnership agreement between the two parties, though specific details are still under negotiation.