VCI Global Announces $2 Billion Partnership Through Sovereign-Grade Encryption Infrastructure

BlockBeats News, August 19, according to globenewswire, VCI Global Limited (Nasdaq code: VCIG) announced today that it has partnered with a digital asset holder to jointly establish a sovereign-level infrastructure joint venture (JV), which is backed by 18,000 bitcoins valued at over $21.6 billion at the current market price.

Under the JV agreement, VCI Global will hold 70% equity and lead the commercialization and infrastructure management, while its digital asset partner will retain full custody and control of the Bitcoin reserves.