TechFlow reported that Guofu Innovation yesterday announced in a public statement that its board of directors has approved an increase in the investment quota for cryptocurrency and virtual asset funds. Between March 2024 and August 2024, the company purchased approximately HK$36 million (excluding transaction costs) worth of Bitcoin (BTC) through open market transactions, funded by proceeds from group fundraising activities and internal resources.
The group emphasizes cryptocurrency assets as a key component of its capital management and asset allocation strategy, believing that investing in cryptocurrencies helps reduce risks, enhance potential returns, and achieve portfolio diversification.
In addition, the group is actively investing in the Web3 sector, seeking projects and startups with the potential to disrupt traditional industries, and exploring their application prospects in financial technology.
