Victory Group Signs $1.3 Billion Deal with Independent Holders to Acquire 12,000 Bitcoins
2025/07/02 21:12Foresight News reports that Yingxi Group, a publicly listed Chinese textile company, has announced the signing of terms with independent holders to acquire up to 12,000 Bitcoins. Based on current market prices, the proposed acquisition has a total market value of approximately $1.3 billion. If completed, the transaction will be settled through the issuance of newly issued company common shares.
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Korean retail investors shift to the US in Q3: Sold over 5.5 trillion won of Korean stocks, purchased more than 10 trillion won of US stocks
In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.
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