According to PANews, Guofu Innovation (0290.HK) issued an announcement that the board of directors has approved the company to further increase its investment in cryptocurrencies and virtual asset funds.

The Company purchased approximately HK$36 million worth of Bitcoin (BTC) on the open market between March 2024 and August 2024.

The above purchase of Bitcoin was funded by the proceeds from the Group’s fundraising activities and internal resources.