Shuntai Holdings Group Expands Cryptocurrency Investment Portfolio

According to Foresight News, Shuntai Holdings Group Limited, a company listed on the Hong Kong Stock Exchange, has announced plans to expand its cryptocurrency investment portfolio. The company intends to include Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Filecoin (FIL), and stablecoins such as USDT and USDC. Shuntai Holdings plans to allocate approximately HKD 70 million from its internal financial resources for cryptocurrency trading. A portion of these funds has already been used to purchase Filecoin tokens, with transactions occurring at a price range of USD 2.1 to 2.3 per unit. Additionally, Shuntai Holdings has revealed its intention to consider using cryptocurrencies for payment settlements. The company disclosed that stablecoins will constitute no less than 5% of its investment portfolio.