Ying Universe Approves $100 Million Budget for Cryptocurrency Purchases

According to Foresight News, interactive social platform Ying Universe (03700.HK) announced that its board of directors has approved a $100 million budget for purchasing cryptocurrencies on any regulated and licensed trading platforms over the next five years. The funds for these purchases will come from the company's existing cash reserves. As of the announcement, Ying Universe Group has not yet bought any cryptocurrencies.