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International Business Settlement Holdings Limited ( (HK:0147) ) has issued an announcement.
International Business Settlement Holdings Limited has announced a strategic plan to acquire additional Bitcoins, with a potential investment of up to HK$200 million, as part of its treasury management strategy. This move aims to diversify the company’s holdings and leverage the liquidity and potential capital appreciation of Bitcoin, enhancing shareholder value and supporting its cryptocurrency-related business operations.
The most recent analyst rating on (HK:0147) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on International Business Settlement Holdings Limited stock, see the HK:0147 Stock Forecast page.
More about International Business Settlement Holdings Limited
International Business Settlement Holdings Limited operates in the cryptocurrency and fintech industry, focusing on cryptocurrency investments and related services. The company is involved in acquiring Bitcoins and purchasing supercomputing servers to support its cryptocurrency-related operations.
Average Trading Volume: 62,340,631
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.12B
Find detailed analytics on 0147 stock on TipRanks’ Stock Analysis page.