PANews reported on January 1 that Yuxing Technology (08005.HK), a Hong Kong-listed company, issued an announcement that it had conducted a series of transactions on the open market from July 25, 2024 to December 31, 2024, including:
- Purchased approximately 78.2 bitcoins at an average price of $80,960, for a total of approximately $6.3 million (excluding transaction costs);
- Approximately 6.3 million USDT were sold at an average price of US$1, with a total amount of approximately US$6.3 million (excluding transaction costs). The USDT sold under the sale transaction was used to convert into an equivalent amount of Bitcoin under the Bitcoin purchase transaction.
