Crypto Reserves Go Global: Nasdaq-Listed Chinese Tech Giant Joins Trend

Source Bitcoinist

Aurora Mobile, a China-headquartered tech firm listed in the US, has moved to put 20% of its cash and cash equivalents into crypto assets. The Board of Directors signed off on the plan as a way to add another layer to the company’s treasury holdings. It’s a bold choice that ties part of the firm’s cash pile to Bitcoin, Ethereum, Solana, SUI and other tokens.

Board Approves Crypto Stake

According to an official release, Aurora Mobile will funnel one-fifth of its liquid reserves into digital assets. The company didn’t set a hard cap on individual coins, but made Bitcoin and Ethereum the anchor holdings. This move follows a wave of similar plays by other institutions looking to spread risk beyond bank deposits and bonds.

Mix Of Tokens And Targets

Based on reports, the firm sees BTC and ETH as its go-to stores of value. It also picked Solana and SUI because of their fast transaction speeds and growing developer communities.

Aurora Mobile didn’t name every token it might buy, but the door is open for other assets that fit its “innovation” criteria. By blending mature chains with newer networks, the company hopes to balance stability and upside potential.

Treasury Risk And Reward

Investing cash in crypto can make financial statements more volatile. A 30% drop in Bitcoin would dent a big chunk of that 20% allocation. Yet institutions such as Strategy have shown that big gains can follow when markets turn bullish.

Weidong Luo, Aurora Mobile’s Chairman and CEO, said the plan will help “diversify our holdings with an asset class that moves differently from stocks and bonds.” It’s a measured step, he noted, toward modernizing how the company handles its reserves.

Share Buyback Signals Confidence

Aurora Mobile also announced it has repurchased 295,179 ADS to bolster its share price. The buyback highlights the leadership’s confidence in long-term growth.

Combining a new crypto strategy with an old buy-back places two messages on the table: that the firm is confident in both its core business and the prospects of digital tokens.

Institutional Trend Continues

Across the board, companies are adding crypto to their balance sheets. Research shows that nearly half of large corporates plan to boost digital-asset allocations over the next two to three years.

Aurora Mobile’s move may catch the eye of peers in the tech and data-services space. It sends a clear signal that digital assets are no longer fringe bets, but mainstream tools for treasury teams.

Featured image from Unsplash, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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