Hong Kong listed company, Yuxing Technology: Recently sold about 6.3 million USDT and purchased 78.2 BTC
The Hong Kong-listed company, Yuxing Technology, announced that it has conducted a series of transactions in the open market from July 25, 2024 to December 31, 2024. These include: (i) purchasing approximately 78.2 units of Bitcoin at an average price of $80,960 per unit for a total cost of about $6.3 million (excluding transaction costs), and (ii) selling approximately 6.3 million units of USDT at an average price of $1 per unit for a total value of about $6.3 million (excluding transaction costs). The sold USDT was used to convert into equivalent Bitcoins under the purchase item.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
RootData: BIO will unlock tokens worth about $1 million in one week
Grayscale Files Zcash ETF That Pays Every 2 Weeks: What's the Catch?
Crypto prices
More
