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Nasdaq-Listed Tech Firm Approves 20% Crypto Allocation as Part of Treasury Strategy

  • Aurora Mobile, a Nasdaq-listed tech firm, has approved allocating up to 20% of its cash reserves to digital assets like Bitcoin and Ethereum as part of a new treasury strategy.
  • The company aims to optimize its treasury while exploring strategic partnerships and market expansion opportunities with the crypto investment plan.
  • Aurora Mobile assures shareholders that the crypto investments won't hinder its operations and are part of a diversified portfolio strategy to stay aligned with technological advancements.
  • The move follows a trend of public firms incorporating digital assets into their treasury strategies, potentially signaling broader interest and could influence other tech firms in Asia to diversify through blockchain-based instruments.

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