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International Business Settlement Holdings Limited ( (HK:0147) ) has shared an announcement.
International Business Settlement Holdings Limited has announced plans for further acquisitions of Bitcoin as part of its strategy to invest in cryptocurrencies. The company intends to spend up to HK$200 million on these acquisitions, which will be conducted through Matrixport, a regulated trading platform. This move is seen as a strategic effort to strengthen its position in the fintech industry and capitalize on the growing importance of digital currencies.
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 is involved in the fintech industry, focusing on investments in cryptocurrencies and related businesses. The company is leveraging emerging financial technologies to enhance global financial services delivery.
Average Trading Volume: 60,905,224
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.71B
Learn more about 0147 stock on TipRanks’ Stock Analysis page.