EDA Group Holdings, a Hong Kong listed company, plans to invest up to $5 million to purchase cryptocurrency

Odaily Planet Daily News: EDA Group Holdings, a Hong Kong listed company, has released a voluntary announcement disclosing that its board of directors has proposed a cryptocurrency purchase plan with a total amount not exceeding $5 million. Currently, the company is exploring blockchain technology to empower the cross-border e-commerce logistics industry, promoting the full chain traceability of cross-border goods and B2B settlement of cryptocurrencies. In addition, EDA Group Holdings announced the establishment of a department specifically responsible for managing and supervising virtual asset businesses, as well as conducting risk control.