TechFlow, Sept. 9 — According to a disclosure by the U.S. Securities and Exchange Commission, the board of directors of MOGU (NYSE: MOGU), a Chinese fashion e-commerce platform, has approved a strategic asset allocation plan to allocate up to $20 million of corporate assets into digital currencies, primarily Bitcoin, Ethereum, and Solana, as well as related securities and investment products.
The board believes that integrating digital assets into its core holdings will not only diversify the company's capital reserves but also enhance operational capabilities in supporting next-generation artificial intelligence products and services. The board has authorized Chairman Chen Qi to determine the timing and amount of cryptocurrency acquisitions.
