Zhitong Tech dey unveil Taiwan first Bitcoin Reserve Strategy through $2M Convertible Bonds
Zhitong Technology (8932) don turn be di first publicly traded company for Taiwan wey take adopt Bitcoin reserve strategy. For August 8, dem board approve say dem go issue convertible bond of US$2 million for three years through SORA’s Top Win International, wey go get 3% coupon plus beta for Bitcoin rise. Dis Bitcoin reserve strategy mean say Zhitong don waka from traditional tech move go blockchain and fintech. Dem plan to use Bitcoin 21 million supply cap to fight inflation and currency risk. Waiting make IFRS and Taiwan accounting clear, Zhitong go get indirect exposure through SORA compliance framework for Japan, Hong Kong and South Korea. At di same time, Zhitong buy Indian NBFC Letul Investments, get licence for cross-border fintech, crypto-backed microloans, stablecoin and Bitcoin payments through FinShell Pay platform. Di announcement make Zhitong shares price and trading volume sharply rise. Risk control na phased entry, long-term HODL strategy plus optional hedging instruments wey go balance trader position for bullish play on Bitcoin adoption wey dey grow.
Bullish
Di way we dem, one Taiwanese company wey dey for market adopt Bitcoin reserve strategy, plus one convertible bond wey worth US$2 million with 3% coupon, this one show say dem actually want get exposure for Bitcoin. This move comot Zhitong from old school tech enter blockchain plus fintech, e boost confidence for big companies. Dem buy one Indian NBFC join crypto lending, stablecoin plus Bitcoin payment make new way for money. For short time, the price of share rise mean say traders dey happy. For long term, to use Bitcoin wey get limited supply with better risk control (dem enter small small, HODL, plus hedging) dey support the steady increase for Bitcoin demand.