HK crypto stocks soared in morning trading. Linekong Interactive up 31%; Sinohope up 3%; Grandshores up 2%; Boyaa, OSL Group up 1%.

LINEKONG, a leading technology enterprise, has announced the establishment of its LK Crypto Division, marking a significant step into the Web3 and cryptocurrency management sectors. This new division will focus on managing mainstream crypto assets such as Bitcoin, Ethereum, and Solana, with plans to increase investment in crypto asset allocation, project incubation, and international cooperation.

The launch of the LK Crypto Division is part of Linekong's broader strategy to consolidate its investment and research capabilities. The company has reorganized its cryptocurrency investment and research institution, Consensus Lab, and established LK Venture in Hong Kong to venture into the Web3 industry and virtual asset investment market. This initiative includes improving the company's asset allocation structure, as evidenced by the purchase of 33.1273 units of Bitcoin.

Linekong's foray into Web3 aligns with the supportive digital asset policies in Hong Kong, which are expected to foster increased collaborations and advancements in blockchain integrations. This move positions Linekong as a key player in the international crypto markets, echoing strategies adopted by other major players expanding into crypto asset treasuries. The company's commitment to the Web3 space is anticipated to build a robust ecosystem, further supporting its strategic focus on global expansion.