Eason Technology Plans to Purchase Bitcoin to Accelerate R&D of Digital Asset Security Products
Rhea-AI Summary
Eason Technology (NYSE American: DXF) has announced plans to allocate up to $150,000 for purchasing Bitcoin to support the research and development of their digital asset security products. The initiative focuses on developing consumer-grade security solutions for global users.
CEO Stanley emphasized that the Bitcoin purchase is strictly for product R&D purposes, stating that the company has no immediate plans to include digital assets in its investment portfolio. The company's primary focus remains on its core business operations and the advancement of blockchain technology security product development.
Positive
- Investing $150,000 in R&D for digital asset security products
- Strategic expansion into blockchain security technology
- Development of consumer-grade security products for global market
Negative
- capital allocation of only $150,000 for Bitcoin purchase
- No immediate plans for digital asset portfolio diversification
Eason's CEO Stanley commented, "The purchase of digital assets is only for the purpose of product research and development, considering the current development of the company, the company has no plans to include digital assets in the asset portfolio for the time being. The company's focus on the main business, the rapid promotion of blockchain technology security product development, will be the company's most important self-investment plan. The company firmly believes in the technological path of the digital and blockchain world based on Bitcoin and Ethereum and is willing to be an important infrastructure part of it."
About Eason Technology Limited
Eason Technology Limited is a company engaged in real estate operation management and investment and digital technology security business in
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SOURCE Eason Technology Limited
FAQ
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