Hong Kong listed company, SITC International: Agrees with Bitcoin reserve strategy, still awaiting compensation for a loss of 23.4 BTC due to FTX
According to Sing Tao Daily, the vice chairman of Hong Kong-listed company Shide Global, Ma Haowen, revealed that the company had suffered losses due to the collapse of FTX. In 2021, Shide Global spent 10.1 million yuan to purchase 23.4 bitcoins which were stored in FTX that collapsed in 2022 and are still awaiting compensation. However, Ma Haowen stated that he still agrees with the strategy of listed companies holding Bitcoin reserves but has not yet responded whether he will buy Bitcoin again in the future. He said that there is currently increased regulation in Hong Kong which boosts investor confidence.
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