Strategic Alliance Announcement
A company listed on the Hong Kong stock exchange has revealed a new strategic alliance with the licensed financial services group for virtual assets, HashKey. This collaboration coincides with their inaugural purchase of Bitcoin, marking their transition into what they refer to as a Bitcoin Accumulation Company (BAC).
Insights from Industry Leaders
Abraham Gomez, who founded ASL—a key player and investor in WebX International—commented that, unlike conventional companies that manage Bitcoin treasuries, BAC’s strategy centers around utilizing Bitcoin as its primary reserve asset. This entity plans to progressively gather Bitcoin through a variety of methods and different avenues, with the goal of fostering long-term growth in Bitcoin holdings per share (BTC/share).
Investment Background and Future Plans
Before this partnership announcement, WebX International attracted notable investments from major financial players on Wall Street as well as pivotal blockchain investors, which included Sopris Capital and Mason Jappa, the CEO of Blockware. Looking ahead, WebX International has outlined ambitions to broaden its activities in sectors such as mining services, cryptocurrency asset securitization, and Web3 finance.
Aiming for Global Innovation
This strategic pivot sets its sights on establishing itself as a premier innovator in Bitcoin financial services both within Hong Kong and on a global scale.
