Gold Finance reported that according to Sing Tao Daily, Ma Haowen, the vice chairman of the Hong Kong-listed company Shide Global, revealed that the company had suffered losses due to the bankruptcy of FTX. Shide Global spent 10.1 million yuan in 2021 to purchase 23.4 BTC, which was stored in FTX, which closed in 2022, and is still awaiting compensation. However, Ma Haowen stated that he still agrees with the company’s strategy of holding BTC reserves, but has not responded to whether he will buy BTC again in the future, stating that current regulations in Hong Kong have increased investor confidence.
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Hong Kong-listed company Shide Global: Recognizes BTC reserve strategy, still waiting for compensation for the loss of 23.4 BTC due to FTX.
Gold Finance reported that according to Sing Tao Daily, Ma Haowen, the vice chairman of the Hong Kong-listed company Shide Global, revealed that the company had suffered losses due to the bankruptcy of FTX. Shide Global spent 10.1 million yuan in 2021 to purchase 23.4 BTC, which was stored in FTX, which closed in 2022, and is still awaiting compensation. However, Ma Haowen stated that he still agrees with the company’s strategy of holding BTC reserves, but has not responded to whether he will buy BTC again in the future, stating that current regulations in Hong Kong have increased investor confidence.