#Yu Xing Technology purchases Bitcoin.#
Hot Topic Overview
Overview
Hong Kong-listed company Yu Xing Technology recently announced that it had sold approximately 6.3 million USDT and purchased 78.2 BTC between July 25, 2024, and December 31, 2024, at an average price of $80,960 per unit. The total value of the transaction was approximately $6.3 million. Previously, it was mainly US institutions that were buying Bitcoin, but now Hong Kong-listed companies are entering the market, which has sparked speculation about whether mainland companies will follow suit. Some believe that if mainland companies start buying Bitcoin on a large scale, like Meitu in 2021, it could signal the end of the bull market.
Ace Hot Topic Analysis
Analysis
Hong Kong-listed company Yu Xing Technology recently announced that it sold approximately 6.3 million USDT and purchased 78.2 BTC between July 25, 2024, and December 31, 2024, at an average price of $80,960 per Bitcoin. This indicates that Hong Kong-listed companies, in addition to US institutions, are starting to buy Bitcoin. Some analysts believe that when mainland companies start buying Bitcoin, such as Meitu in 2021, it could signal the end of a bull market. Yu Xing Technology's move has sparked market attention on the future trajectory of Bitcoin, and has also led people to ponder whether Bitcoin will enter a new upward cycle as more institutional investors enter the market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Hong Kong listed companies are starting to buy Bitcoin, signaling that the Bitcoin market may be entering a new stage of development.
Yu Xing Technology's move could trigger other Hong Kong listed companies to follow suit, further driving the development of the Bitcoin market.
Mainland companies may also follow the example of Hong Kong listed companies and start buying Bitcoin, which will further drive the development of the Bitcoin market.
Yu Xing Technology's move may signal that the Bitcoin bull market is about to end, as companies like Meitu previously bought Bitcoin at the end of the bull market.