A gaming company based in Hong Kong has recently made a significant move by exchanging $49 million worth of Ether in its treasury for Bitcoin. The decision was made as part of the company’s strategy to diversify its cryptocurrency holdings. The company’s decision reflects a growing trend among businesses to allocate a portion of their assets into Bitcoin, which is considered a more stable and sustainable investment option. This move is likely to have a positive impact on the company’s financial position and could potentially lead to further growth and success in the future.
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