Thai Public Company Brooker Group Invests $6.6 Million in Bitcoin

Thai Public Company Brooker Group Invests $6.6 Million in Bitcoin
фото показано с : news.bitcoin.com

2021-5-15 14:30

The Brooker Group has reportedly become the first publicly listed company in Thailand to hold bitcoin on its balance sheet. The company has disclosed that it has bought 122.3158 bitcoins worth $6.6 million or 200 million baht.

Thai Public Company Invests in Bitcoin

The number of public companies investing in bitcoin is growing worldwide. In Thailand, The Brooker Group (BROOK) has become the first listed company in the country to announce its cryptocurrency holdings, the Bangkok Post reported Thursday. The Brooker Group provides independent advisory services to private and public sector clients in Thailand and overseas.

Before The Brooker Group’s disclosure, a small number of Thai publicly traded companies accepted cryptocurrencies as a means of payment, such as Ananda Development and Major Cineplex Group. None had declared that they were holding any bitcoin or other cryptocurrencies on their balance sheets.

SEC Secretary-General Ruenvadee Suwanmongkol explained:

Listed companies’ decisions to invest in any asset class, including digital assets, is entirely up to the company’s board of directors who must make investment decisions with caution and responsibility.

if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });

The Brooker Group disclosed its cryptocurrency investments earlier this week in its filing with the Thai Securities and Exchange Commission (SEC). The company said it has bought 122.3158 BTC worth US$6.6 million or 200 million baht through U.S.-listed crypto exchanges in the first quarter of this year via its subsidiary in Hong Kong.

The company further noted that its board of directors has approved a maximum investment of $48 million or about 1.5 billion baht. The company says it may invest up to 50% in digital assets in the future. The Brooker Group also plans to diversify its cryptocurrency holdings to include other cryptocurrencies besides bitcoin, as well as stablecoins.

Do you think more Thai public companies will invest in bitcoin? Let us know in the comments section below.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin & Company Network (BITN) на Currencies.ru

$ 3.4E-5 (-0.68%)
Объем 24H $0
Изменеия 24h: 7.68 %, 7d: 5.02 %
Cегодня L: $3.4E-5 - H: $3.4E-5
Капитализация $0 Rank 3624
Доступно / Всего 0 BITN

million company brooker bitcoin group bought 122

million company → Результатов: 126


Ripple and Forte Launch $100 Million Fund for Blockchain Gaming Using XRP

Xpring, Ripple’s developer ecosystem initiative, has partnered with blockchain platform Forte to form a $100 million fund to support game developers. According to the company’s press release, the fund will operate alongside Forte’s platform technologies and include Ripple’s open-source solutions, including XRP, aimed at mainstream adoption for blockchain gaming.

2019-3-14 23:54


Korea’s Biggest Actor Invests in Crypto and That’s a Big Deal for Asian Markets

Bae Yong-joon, arguably the most influential and widely recognized actor in South Korea featured in films like Winter Sonata and The Legend, invested in a local crypto startup called Seamon. Importance of a Public Figure Investing in the Crypto Space in South Korea According to Hankyoreh, a mainstream media outlet in South Korea, Seamon is co-founded by the Norway-based Ocean Supreme, the most dominant company in the Japanese Salmon market.

2019-3-13 17:12


What’s The Impact Of 4 Million Twitter Followers Being Exposed To CEO Purchasing Bitcoin Weekly

CEO Of Twitter Discloses His Trezor Hardware Purchase Powered By Bitcoin Jack Dorsey, Chief Executive Officer of social media giant – Twitter – and also of Square, a mobile payments company, has recently announced on Twitter that he has purchased a Trezor hardware wallet using Bitcoin (BTC) through the Square Cash app. Based on the […]

2019-3-10 16:15


New Cryptocurrencies Added to Samsung Pay for Their 10 Million Active Phone Users

The launch of the new Galaxy S10 from Samsung was a huge deal, since the smartphones were enabled with blockchain tech capacity that would give them access to Ethereum tokens. The entire process of integrating cryptocurrency has been made possible with Samsung Pay, which had already been a rumor for the company’s development before the […]

2019-3-10 00:23


Japan’s Biggest Bank Won a $500 Million Bond Deal, Only to Lose $15 Million

The securities unit of Mitsubishi UFJ Financial Group (MUFG), one of Japan’s largest banks, purchased $500 million in bonds only to fumble up in the red. A move against its competitor Credit Suisse Group AG, the company fought hard to garner what they thought would yield solid profits in 2027, only to receive a mediocre response from investors and $15 million in losses on the table.

2019-3-9 13:00


Tencent Slashes at $271 Billion Stock Slump with Massive 50% Recovery

Tencent, the world’s largest gaming company and one of the biggest social media service owners, saw its stock plummet in 2018, costing investors as much as $271 billion in losses. Tencent shares are now seeing a massive recovery fueled by opportunities from “Fortnite” and “Apex Legends” in China’s booming gaming sector and improving sentiment in the domestic stock market.

2019-3-7 21:36


Фото:

As Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets

As QuadrigaCX’s legal counsel descends on the courtroom in Halifax, Nova Scotia, for another round of legal proceedings, the court monitor’s third report on QuadrigaCX’s finances — specifically its revelation that the exchange’s cold wallets are empty — lays out some hopeful avenues for fund recovery — and some frustrating dead ends.

2019-3-5 20:20