Shuntai Holdings announced a HK$70 million investment in cryptocurrencies, including BTC, ETH, BNB, and FIL.

According to an announcement from the Hong Kong Stock Exchange, Shuntai Holdings (01335.HK) announced its expansion into cryptocurrency trading, planning to allocate approximately HK$70 million from internal financial resources. The company has established a dedicated team to manage its virtual asset business, primarily investing in cryptocurrencies with at least five years of history and good liquidity, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Filecoin (FIL). To mitigate risk, the company has established strict internal control measures, including a per-transaction limit of no more than 10% of the unused budget, a stop-loss threshold of no more than 20% of the purchase price, and a minimum of 5% of its investment portfolio in stablecoins.