Aurora Mobile (JG), a provider of marketing technology listed at NASDAQ, is the last listed company on the stock market to plan a cash strategy which includes cryptocurrency investments.
The board of directors of the company based in Shenzhen, China, has approved an initiative aimed at converting its cash and cash equivalents into BTC and other digital assets. Investments may include bitcoin
Ether, Solana and Sun’s soil among other tokens, he said on Wednesday.
Aurora aims to “preserve and improve the value of assets while supporting its strategy to extend market coverage,” he said in a statement.
In his latest quarterly report, Aurora declared species, cash equivalents and limited species totaling 113.6 million yuan ($ 15.8 million), which suggests that he could invest some $ 3 million in Bitcoin and other crypto.
The strategy emulates that of several other companies which have revealed Bitcoin acquisition plans in recent weeks.
The actions of the company jumped in exchanges before the market after the announcement, a merchant almost 10% at $ 12.10.
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