Publicly listed company Treasure Global launches $100 million digital asset financial strategy

PANews reported on June 4 that according to GlobeNewswire, Treasure Global Inc. (NASDAQ: TGL), a Nasdaq-listed company and e-commerce platform operator, announced the launch of a $100 million digital asset fund pool plan to strengthen its digital infrastructure and support the launch of an AI consumer intelligence platform. The funds for the plan consist of two parts: $50 million from existing equity financing agreements and another $50 million from new investments from strategic institutional investors. The funds will be used in stages to allocate blockchain native assets such as Bitcoin, Ethereum and regulated stablecoins, aiming to improve capital efficiency and lay the foundation for future tokenization, loyalty programs and blockchain settlement systems.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together