Shuntai Holdings, as reported recently, is seeking to enhance its cryptocurrency business by allocating approximately HK$70 million towards virtual assets. The company aims to invest in established cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Filecoin (FIL).
To effectively manage risks associated with cryptocurrency investments, Shuntai has established internal controls, which include limiting transaction budgets to 10% and setting a stop-loss at 20% of the purchase price. Additionally, a minimum of 5% of their portfolio will be maintained in stablecoins.
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