TechFlow, August 20 — According to Decrypt, three affiliated companies under AMTD Group, listed on the NYSE, have proposed a cryptocurrency share exchange program. The program will allow holders to exchange Bitcoin, Ethereum, USDT, BNB, and USDC for newly issued shares.
The participating companies are AMTD IDEA (AMTD), AMTD Digital (HKD), and The Generation Essentials Group (TGE). Share pricing will be determined through mutual agreement based on current market values. AMTD Group stated that the program aims to serve as a bridge between crypto assets and the NYSE.
Notably, all three companies are small-cap public firms, with market capitalizations of $176 million, $509 million, and $161 million, respectively.
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