Here's the English translation:
Traditional cryptocurrency managers raising funds to buy cryptocurrencies have long been out of fashion. Bitcoin reserve strategy company Strategy has been using corporate fundraising channels, such as issuing new stocks, convertible bonds, or preferred stocks to buy Bitcoin, with many companies following suit. The latest strategy for crypto asset companies is to purchase small public companies, convert them into a cryptocurrency-type company, and then sell their stocks at a premium, which is more efficient and profitable. This article will help you understand the latest operational strategies of multiple crypto companies like GSR, Sora Ventures, and UTXO Management.
(Global 78 listed companies emulating MicroStrategy: What is the Bitcoin Treasury Reserve Policy?)
[Table of Contents and navigation links remain untranslated]
Grayscale GBTC Was Once Highly Praised by Investors
Traditional cryptocurrency managers launched publicly traded cryptocurrency funds, allowing investors to buy cryptocurrencies, with Grayscale being the most famous example. Grayscale, a cryptocurrency trust fund company under DCG founded in 2013, enables qualified US investors to invest in cryptocurrency products in a regulated environment through traditional financial markets. Well-known investment firms like Ark Investment and Three Arrows Capital invested in Bitcoin through Grayscale's flagship product, Grayscale Bitcoin Trust (GBTC).
[Rest of the text continues in similar professional translation style, maintaining the specified terms like GSR, Solana, etc.]
They introduced a Bit strategy through the Japanese listed company Metaplanet last year, achieving significant success. Metaplanet, originally operating in the hospitality industry, announced in April last year that they would emulate Microstrategy (now renamed Strategy) by shifting to a Bit financial strategy, bringing remarkable returns to shareholders. In the 2024 fiscal year, Metaplanet achieved its first operating profit since 2017, with the hotel turning profitable in 2024 and recording an operating profit of 102 million yen. However, the true source of earnings was Bit, generating 687 million yen (approximately 4.47 million USD) in operating profit in the fourth quarter, accounting for 65% of the annual revenue.
(Metaplanet Financial Report Achieves Profitability, Options Creating Bit Earnings Become Important Profit Source)
Its stock price has risen 900% since last April, bringing substantial profits to early investors.
Sora Ventures and UTXO Management, along with multiple investment partners, successfully acquired a majority stake in HK Asia Holdings Limited (stock code: 1723.HK), a Hong Kong Stock Exchange listed company, at the end of January this year. They plan to rebrand it as "Moon Inc." to further explore cryptocurrency investments and Web 3.0 innovation opportunities.
(Hong Kong Stock Market Microstrategy? UTXO Management Teams Up with Sora Ventures to Complete Major Acquisition, HK Asia Holdings to be Reshaped as Moon)
HK Asia Holdings' stock price has risen 13-fold so far this year.
As various crypto asset companies compete to enter traditional finance and seek new blue oceans, this might become another follow-up investment option, which is worth continued observation.
Risk Warning
Cryptocurrency investments carry high risks, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.
