4 hours ago
Crypto speech HashKey unveiled plans to physique a $500 cardinal money for investments successful integer plus treasury companies.
HashKey, 1 of the archetypal regulated crypto exchanges successful Hong Kong, said it volition physique a diversified portfolio of integer plus treasury projects focused connected mainstream cryptocurrencies. It volition initially ore connected bitcoin (BTC) and ether (ETH), it said successful an announcement connected Monday.
The purpose of the money is to "build an organization span betwixt accepted fiscal superior and on-chain assets," by promoting a standardized attack to managing crypto assets, HashKey said.
HashKey appears to beryllium responding to the proliferation of publically listed companies physique treasuries of crypto tokens, copying Michael Saylor's Strategy (MSTR), which has been acquiring bitcoin since 2020 and now owns implicit 600,000 BTC.
Strategy has been copied by assorted different companies acquiring ample numbers of BTC and much precocious firms adopting a akin method for ether, specified arsenic crypto miner BitMine (BMNR) and sports betting steadfast SharpLink Gaming (SBET).
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