- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Shangri-La Group will establish a cryptocurrency strategic reserve, with a priority on BTC, ETH, and USDT.
BlockBeats News, August 23rd, AMTD IDEA Group (「AMTD IDEA Group」) (NYSE: AMTD; SGX: HKB), a company dual-listed on the New York Stock Exchange and the Singapore Stock Exchange, and a subsidiary of AMTD Group; AMTD Digital Inc. and The Generation Essentials Group (「TGE」) (NYSE: TGE), jointly announced that cryptocurrency will become an integral part of the three companies' corporate treasury "strategic reserves."
This "strategic reserve" includes bank deposits and other uncollateralized, unencumbered, liquid investments totaling approximately $240 million as of June 30, 2025. Specifically, the planned cryptocurrency investment portfolio will focus on Bitcoin (BTC), Ethereum (ETH), and USDT.
Among the three NYSE-listed companies under the AMTD Group, TGE will be responsible for expanding and focusing on cryptocurrency-related opportunities and development. The name TGE has carried genetic significance since its inception, representing not only "The Generation Essentials" but also symbolically referring to "Token Generation Event."
You may also like
Gainers
Latest Crypto News
Next Week Macro Outlook: Fed Set The Tone Week! The Fed Faces the "Ultimate Showdown"
SAHARA experiences a sudden 50% price drop, causing its market value to be "halved" to $1.06 billion
In the last 24 hours, there has been a total of $159 million in liquidations across the network, with the majority coming from long positions.
The HyperLiquid team unbonded 2.6 million HYPE tokens, with 609,000 tokens being sent to an OTC platform.
Trump: Stocks and 401k Plans Have Reached All-Time Highs, While Inflation, Prices, and Taxes Are All Decreasing
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App