Dafa Electric Don Add Bitcoin Reserves, Taiwan Shares Don Surge
Dafa Electric (6184), one Taiwan cable TV operator wey dey listed for market, don add Bitcoin reserves for their long-term holding. Di board don approve to hold BTC as cover against inflation and rate wahala. Dem get one Digital Asset Committee, wey Director Dai Yonghui dey lead, we go manage risk, compliance, cyber security and disclosure. Di company go separate BTC from operating money to protect core service dem. For August 14, Dafa shares climb reach daily limit for NT$56.1, show say market response strong. Even though dem never talk how dem buy am, analysts talk say dis move dey echo MicroStrategy strategy and fit start bigger corporate trend for Taiwan. More companies fit follow, expand Bitcoin reserve and diversify treasury. As accounting and tax rules dey evolve, crypto adoption for companies go quicken.
Bullish
Dafa Electric adding Bitcoin reserves show say institutional adoption dey grow for Taiwan. Dis kain company support fit push demand up and make people get better feeling about Bitcoin reserves, like how Dafa share price jump show. For short term, traders fit expect say more company go like join and so buying pressure for BTC go increase. For long term, when many companies dey diversify for Bitcoin reserves, e fit make demand steady and support higher price levels. So, dis news good for Bitcoin market outlook.