Hong Kong listed company, Yuxing Technology: Recently sold about 6.3 million USDT and purchased 78.2 BTC

The Hong Kong-listed company, Yuxing Technology, announced that it has conducted a series of transactions in the open market from July 25, 2024 to December 31, 2024. These include: (i) purchasing approximately 78.2 units of Bitcoin at an average price of $80,960 per unit for a total cost of about $6.3 million (excluding transaction costs), and (ii) selling approximately 6.3 million units of USDT at an average price of $1 per unit for a total value of about $6.3 million (excluding transaction costs). The sold USDT was used to convert into equivalent Bitcoins under the purchase item.