MBV INTL: Recently exploring the possibility of acquiring up to 100 bitcoins
MBV INTL is exploring the possibility of acquiring up to 100 bitcoins through the open market. The company's board of directors considers the global economic uncertainty and various countries' fiscal stimulus measures, believing that this move can diversify the asset portfolio and address the pressure of fiat currency depreciation. At the same time, the company plans to increase its digital asset reserves and collaborate with more cryptocurrency ecosystems to create sustainable value growth
According to the Zhitong Finance APP, MBV INTL (01957) announced that the company is currently exploring the possibility of acquiring up to 100 bitcoins (a type of cryptocurrency) through public market cryptocurrency exchange platforms by utilizing internal resources of the group.
The board of directors is cautiously assessing the uncertainties of the global economy and the unprecedented fiscal stimulus measures taken by various governments—this move has led to depreciation pressure on fiat currency values due to aggressive increases in money supply by global central banks. This potential investment may allow the company to diversify its asset portfolio while adapting to the evolving global financial landscape.
In addition, while continuously increasing its digital asset reserves, the company will also collaborate with more cryptocurrency ecosystems to create sustainable value growth for global investors
