Greenpro Capital, which trades on the Nasdaq Stock Exchange under the symbol GRNQ, announced in a statement on Monday (December 8th) that it intends to invest in this digital currency by creating a bitcoin investment fund.
To Report The Block, GreenPro, which calls itself a “business growth hub,” provides overseas financial services to businesses and wealthy individuals.
The company has previously worked in the fields of banking, health, technology, welfare and the arts, and will now use one of its subsidiaries, CryptoSX, to buy bitcoins. CK Lee, CEO of the company, has instructed GreenPro investment managers to raise $ 100 million in bitcoin purchases in the first quarter of next year. He also plans to invest GreenProx cash in Bitcoin.
Shares of the company rose significantly from $ 1.38 to $ 2.39 after the announcement. Shortly afterwards, we saw the Green Pro stock improve its value to $ 1.68.
Microstrategy, a public information technology company, took a similar step in 2020. The company bought millions of bitcoins by financing through convertible debt