TechFlow news, on June 5, according to Investing.com, ATIF Holdings Limited (ZBAI), a U.S.-listed management consulting services company, announced a strategic expansion into Bitcoin (BTC), planning to accumulate 1,000 bitcoins over the next five years through direct purchases and mining operations.
The company will adopt a hybrid strategy, including direct acquisition of Bitcoin in the public market, building and operating its own Bitcoin mining facilities, and/or acquiring operational Bitcoin mining sites. ATIF Holdings has initially selected West Texas as the primary location for its mining operations, attracted by the region's favorable regulatory environment for digital asset mining, abundant and affordable land resources, and well-developed electricity market.
Kamran Khan, CEO of ATIF Holdings, stated that the company views Bitcoin as a long-term value storage and strategic growth asset. The company has already purchased Bitcoin in the public market and plans to continue acquiring it in the near future.
