Guoxiong Capital to Invest 200 Million RMB in Web3.0 and Cryptocurrency Assets

Blockbeats

07-01

BlockBeats News, July 1st, Guoxiong Capital Co., Ltd. announced today that it will fully enter the Web3.0 and cryptocurrency asset field.

Chairman of Guoxiong Capital, Yao Shangkun, stated that he is bullish on the long-term strategic value of Bitcoin and crypto assets, believing that this field aligns with the global financial development trend and has huge growth potential. The company has been granted a special budget of 200 million yuan in total to be used for the development of related businesses over the next three years and for cryptocurrency asset investments. (Jinse)

According to public information, Guoxiong Capital Co., Ltd. was established on September 24, 2019, with its headquarters located in the Huangdao District of Qingdao City, Shandong Province. It is a venture capital institution dedicated to investing in high-tech industries. As of 2024, the company's fund under management has reached 2.87 billion yuan, focusing on emerging fields such as artificial intelligence, blockchain, biomedicine, and new energy.

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