Huajian Medical plans to purchase cryptocurrencies with a maximum of HK$3 billion over the next 36 months, mainly ETH.

IVD Medical Holding Limited, a Hong Kong-listed company, plans to seek approval from a special general meeting of shareholders authorizing the board of directors to purchase cryptocurrencies, primarily Ethereum (ETH), for up to HK$3 billion over the next 36 months. The company claims this move aims to strengthen its ETH reserves and accelerate the development of the ivd.xyz exchange ecosystem. The purchases will be made through regulated platforms such as HashKey Exchange, with funds sourced from the company's idle cash and potential fundraising. The announcement emphasizes that any single premium will not exceed 10%, and a dedicated risk management team has been established.