Benzinga | Dec 28, 2020 08:24AM EST

Greenpro Capital Says it Plans to Set Up a Bitcoin Fund for Investment

GRNQ announced today that it believes in the ongoing mass adoption of $BTC by banks, hedge funds, insurance companies and institutions and endorses its belief that bitcoin, as the world's most widely-adopted cryptocurrency, is a reliable future store of value. We believe the strategic management of our balance sheet, combined with the implementation of our $BTC Fund and crypto strategy will produce significant future value for the Company. GRNQ believes that $BTC and other top crypto currencies such as Ethereum "ETH" will provide the opportunity for better returns and preserve the value of our capital over time rather than holding cash. We also remain committed to our incubation business model as well as our satellite and A.I. accounting businesses."

GRNQ's CEO, CK Lee recently received an Honorary PhD in Finance and Crypto currencies from Rivera University, located in France.

Greenpro CEO CK Lee said, "We fully believe in $BTC as a store of value. I've instructed our investment bankers to raise debt in Q1, 2021 of up to US$100 million to invest in $BTC. The Company will also invest its own cash into $BTC."a