Hong Kong-listed company EDA Group Holdings plans to spend up to $5 million on cryptocurrency


EDA Group Holdings, a Hong Kong-listed company, voluntarily announced that the board of directors proposed a cryptocurrency purchase plan with a total amount not exceeding 5 million US dollars. Currently, the company is exploring blockchain technology to empower the cross-border e-commerce logistics industry, to promote the full traceability of cross-border goods and cryptocurrency B2B settlement. In addition, EDA Group Holdings announced that it will establish a department specifically responsible for managing and supervising virtual asset business and conducting risk control.