Crypto Exchange Hashkey has announced plans to build a $500 million fund to invest in digital asset financing companies.
Hashkey, one of Hong Kong’s first regulated cryptocurrency exchanges, said it will build a diverse portfolio of digital asset financing projects focused on mainstream cryptocurrencies. First, focus on bitcoin BTC$111,773.00 Ether (ETH), said in a announcement Monday.
The fund’s aim is to “build an institutional bridge between traditional financial capital and on-chain assets” by promoting a standardized approach to cryptocurrency management.
Hashkey appears to be in response to a surge in public companies. It is copying the strategy (MSTR) of Michael Saylor, which has acquired Bitcoin since 2020 and currently owns 600,000 BTC, to build the Cryptocurrency Ministry.
The strategy has been copied from a variety of other companies that have won numerous BTCs, and recently employs similar etheric methods such as Crypto Miner Bitmine (BMNR) and Sports Betting Firm Sharplink Gaming (SBET).
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