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AMTD Affiliates Propose Crypto-for-Stock Swap for BTC, ETH, USDT, BNB, USDC

AMTD Affiliates Propose Crypto-for-Stock Swap for BTC, ETH, USDT, BNB, USDC

AMTD Group’s new strategy to diversify its $240 million liquid asset portfolio includes investments in major cryptocurrencies, including Bitcoin, Ethereum, and Tether.

BTC
ETH
USDT

Fact Check
Multiple credible sources, including Yahoo Finance, Investing.com, Cryptonews.com, and Decrypt.co, corroborate the statement. Specifically, CryptoNews and Decrypt confirm that AMTD-affiliated companies proposed a swap allowing investors to exchange Bitcoin, Ethereum, USDT, BNB, and USDC for company shares.
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Summary

AMTD Group, which is listed on both the New York Stock Exchange and Singapore Stock Exchange, intends to include cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) in its $240 million liquid asset portfolio, expanding its digital asset exposure. This development marks the group’s ongoing diversification efforts within the financial sector.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, often pegged to a fiat currency; examples include USDT and USDC.
  • Bitcoin (BTC): The original and most widely recognized cryptocurrency, often referred to as digital gold, used for peer-to-peer transactions.
  • Ethereum (ETH): A decentralized platform that enables smart contracts and decentralized applications, powered by its native cryptocurrency, Ether (ETH).