Nasdaq-listed company YY Group announces the official launch of its bitcoin treasury strategy
ChainCatcher news, according to PRNewswire, Nasdaq-listed company YY Group announced the official launch of its bitcoin treasury strategy, designating bitcoin as the primary reserve asset on its balance sheet to achieve capital preservation, balance sheet diversification, and its commitment to long-term shareholder value creation.
It is reported that the company will allocate part of its excess cash reserves to bitcoin and hold it for the long term.
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