According to TIRX’s official announcement, the Bitcoin investment will be exchanged for company shares, although details on asset custody and timeline remain undisclosed.
TIRX, a Nasdaq-listed Chinese insurance broker, officially announced an agreement to receive 15,000 Bitcoin—valued at roughly $1.1 billion—from an anonymous strategic investor in exchange for company shares. The market value of the Bitcoin exceeds TIRX’s current market capitalization. The announcement did not specify details on custody arrangements or the transaction schedule. This deal marks a substantial move toward integrating digital asset holdings into the company’s operations.