VCI Global to Acquire $100 Million in OOB Tokens and Manage OOBIT Treasury
Malaysia’s VCI Global plans a $100M OOB token acquisition amid a 342% surge, positioning Tether as its largest shareholder and signaling strategic growth in digital asset integration.
USDT
Fact Check
The evidence provided strongly and consistently supports the statement. All six sources, including primary sources like official company press releases on GlobeNewswire and OTC Markets, explicitly state that VCI Global is acquiring US$100 million in OOB Tokens and has been appointed as the treasury manager for the OOB Foundation/OOBIT. Secondary reporting from reputable financial news sites like Investing.com, Markets.com, and AInvest uniformly corroborates this information. There are no contradictions among the sources. The high authority of the primary sources (direct company announcements) and the perfect consistency across all provided evidence lead to a high confidence level that the statement is an accurate reflection of the company's publicly announced plans.
Summary
According to VCI Global’s official statement, Malaysia-based VCI Global will acquire $100 million worth of OOBIT’s native token OOB in two tranches. This acquisition follows a dramatic 342% surge in OOB’s price within 24 hours, briefly reaching $0.8 before settling at $0.56 with a $560 million market cap and $11.1 million trading volume. The deal makes Tether, a leading stablecoin issuer, the largest shareholder of the Nasdaq-listed tech consulting firm, highlighting its deepening involvement in technology and digital asset investments.
Terms & Concepts
- OOB Tokens: Digital assets issued by OOBIT, a cryptocurrency platform, used within its ecosystem for transactions and services.
- Tether: A leading stablecoin issuer whose tokens are pegged to the value of traditional currencies, commonly used for trading and payments in the crypto market.