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BitStrat Holdings Expands into Digital Currency with Bitcoin Acquisition

Story Highlights
  • BitStrat Holdings’ subsidiary purchased 10 Bitcoin units for US$1.13 million.
  • The acquisition aligns with the company’s strategy to explore digital currency opportunities.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
BitStrat Holdings Expands into Digital Currency with Bitcoin Acquisition

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An announcement from UTS Marketing Solutions Holdings Ltd. ( (HK:6113) ) is now available.

BitStrat Holdings Limited, formerly known as UTS Marketing Solutions Holdings Ltd., has announced that its subsidiary, BitNova Limited, has purchased 10 units of Bitcoin for approximately US$1.13 million. This acquisition marks a strategic move by the company to diversify its asset portfolio and embrace digital currency, aligning with its new strategy to explore opportunities in the digital currency sector. The company aims to leverage the expertise of its newly appointed CEO, Mr. Luo Zuchun, to enhance shareholder value and position itself in the evolving digital currency industry.

The most recent analyst rating on (HK:6113) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on UTS Marketing Solutions Holdings Ltd. stock, see the HK:6113 Stock Forecast page.

More about UTS Marketing Solutions Holdings Ltd.

Average Trading Volume: 979,218

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.44B

Find detailed analytics on 6113 stock on TipRanks’ Stock Analysis page.

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