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New Huo Technology Holdings Limited ( (HK:1611) ) has issued an announcement.
Sinohope Technology Holdings Limited has announced a strategic Bitcoin purchase plan, aiming to invest up to US$5 million in Bitcoin to diversify its asset portfolio. The company has already acquired approximately 24.29 units of Bitcoin, reflecting confidence in Bitcoin’s long-term investment value amid current market conditions.
The most recent analyst rating on (HK:1611) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on New Huo Technology Holdings Limited stock, see the HK:1611 Stock Forecast page.
More about New Huo Technology Holdings Limited
Sinohope Technology Holdings Limited, incorporated in the British Virgin Islands, operates in the technology sector with a focus on diversifying its asset portfolio. The company is engaged in strategic investments, particularly in the cryptocurrency market.
Average Trading Volume: 3,558,837
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.43B
See more insights into 1611 stock on TipRanks’ Stock Analysis page.