Hong Kong-Listed Inkeverse Board Approves $100 Million for Cryptocurrency Investments

The board of directors of Hong Kong-listed interactive social platform Inkeverse has approved a $100 million grant for the purchase of cryptocurrencies on any regulated and licensed trading platform over the next five years. The cryptocurrency purchases are funded from its existing cash reserves.

The Board believes that cryptocurrency investment is an important part of its Web3 business development strategy and asset allocation strategy. The investment helps diversify the risk of funds management to address the potential risk of depreciation of cash assets, enhance shareholder value and purify the asset portfolio for more diversification.