U.S. Listed Company Nine Purple Energy's Board Approves Up to $1 Billion Cryptocurrency Investment Plan

BlockBeats News, September 24th, according to PR Newswire, Nine Purple Energy, a US-listed company, announced that its board of directors has formally approved and adopted a cryptocurrency investment policy. The board has authorized the company to deploy up to $1 billion to purchase cryptocurrency assets to ensure risk control.

The policy authorizes Nine Purple Energy to allocate part of its cash reserves to selected cryptocurrency assets within a prudent risk management framework. The initial investments will be limited to BTC, ETH, and BNB. If there is a need to expand to other assets in the future, it must be reassessed and approved by the board's risk committee.