As institutional investors continue to see the power of cryptocurrencies, reserve plans are being announced one after another.
At this point, the latest reserve news came from a company listed on Nasdaq called Aurora Mobile.
Accordingly, the Chinese company Aurora Mobile has chosen four cryptocurrencies as part of its reserve strategy: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and SUI.
Aurora Mobile has approved the investment of up to 20% of the company’s and its consolidated assets’ cash and equivalents in Bitcoin, Ethereum, Solana, and SUI.
“Aurora Mobile will invest up to 20% of the Company's and its consolidated entities' cash and cash equivalents in cryptocurrencies and other digital assets.
These investments may include, but are not limited to, Bitcoin, Ethereum, Solana, SUI and other tokens.
This decision reflects the Company's commitment to innovative treasury practices and focus on creating long-term value for shareholders.”
Aurora Mobile Chairman Mr. Weidong Luo said:
“By investing in digital assets, we increase our portfolio diversification by gaining exposure to cryptocurrencies, an asset class with low correlation to traditional markets.
We are also providing a foothold in forward-thinking innovation by keeping up with technological advances that are reshaping global finance.”
Yesterday, another Chinese company, Nano Labs, announced that it included BNB as part of its treasury strategy.
According to the official statement, Nano Labs announced that it has signed a $500 million convertible note agreement for the purchase of Binance Coin (BNB).
*This is not investment advice.
