Aurora Cellular (JG), a Nasdaq-listed advertising know-how supplier, is the most recent publicly traded firm to plan a treasury technique that features cryptocurrency investments.
The Shenzhen, China-based firm’s board permitted an initiative to transform as much as 20% its money and money equivalents into BTC and different digital property. The investments could embody bitcoin
, ether , Solana’s sol and sui amongst different tokens, it stated Wednesday.
Aurora goals to “protect and improve asset worth whereas supporting its technique to broaden market protection,” it stated in an announcement.
In its newest quarterly earnings report, Aurora reported money, money equivalents and restricted money totaling 113.6 million yuan ($15.8 million), suggesting it might make investments some $3 million in bitcoin and different crypto.
The technique emulates that of a number of different firms which have revealed plans to accumulate bitcoin in latest weeks.
The corporate’s shares jumped in pre-market buying and selling following the announcement, buying and selling almost 10% greater at $12.10.
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