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- 📢 Gate Square Ambassador Recruitment is Now Open! 🔥
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The Chinese Hip-hop platform begins DAT: Invests 33 million dollars in Bitcoin.
Pop Culture Group (China), a company operating hip-hop entertainment projects, has invested 33 million USD in Bitcoin to diversify its reserves and expand into digital assets. This is a strategic move to integrate cryptocurrency into financial activities while building a digital asset fund that may include Web3 tokens and entertainment applications.
In addition to Bitcoin as the main holding, the company also plans to purchase tokens related to the entertainment industry such as Web3 media, content creation, and fan interaction platforms. This strategy helps diversify the portfolio but requires tight risk management in the face of cryptocurrency market volatility.
Unlike many entertainment companies focusing on NFTs like Universal Music Group, Warner Bros., or Square Enix, Pop Culture Group has chosen a new direction by incorporating Bitcoin into its treasury, demonstrating a direct commitment to digital assets in financial management.