Nasdaq-Listed
Firm Greenpro Plans $100 Million Bitcoin Fund
Nasdaq-listed firm Greenpro
Capital (NASDAQ: GRNQ), which calls itself a “business incubator,” has
revealed it plans on setting up a Bitcoin Fund for investment. The firm
provides cross-border financial services for businesses and high-net-worth
individuals.
Its portfolio encompasses
banking, health, wellness, art, and technology. Greenpro will acquire bitcoin
through a subsidiary, CryptoSX. The firm’s CEO CK Lee said he’s instructed
Greenpro investment bankers to raise debt in the first quarter of 2021 up to
$100 million to invest in BTC.
Lee also plans to invest the
company’s cash in bitcoin. After the bitcoin fund announcement was published,
the firm’s stock saw a considerable rise.
