Moon Inc. Buys More Bitcoin in Discloseable Transaction

Reuters
Oct 31
Moon Inc. Buys More Bitcoin in Discloseable Transaction

Moon Inc. has announced a further purchase of Bitcoin, classifying it as a discloseable asset transaction under Hong Kong Stock Exchange rules. The acquisition, when combined with previous Bitcoin purchases within the past 12 months, exceeds 5% but remains below 25% of the company's asset ratio, triggering announcement and reporting requirements. The company states that the transaction aims to enhance long-term shareholder value and support its strategic entry into the blockchain industry.

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