Smart Cloud International has reached a strategic cooperation with HashKey to complete the first Bitcoin purchase, transforming into a Bitcoin reserve-listed company

BlockBeats News, September 29th. WebX International Holdings (8521.HK), a Hong Kong-listed company, announced that its subsidiary has entered into a strategic partnership with the licensed virtual asset financial services group HashKey and completed its first Bitcoin purchase, officially transitioning into a Bitcoin Accumulation Company (BAC).

Abraham Gomez, the founder of ASL, an institutional platform and investor in WebX International, stated that, in contrast to traditional Bitcoin treasury (Treasuries) companies, BAC aims to position Bitcoin as its core reserve asset. It will continuously accumulate Bitcoin through various channels and diversified paths to achieve long-term growth in Bitcoin per share (BTC/share).

Prior to this announcement, WebX International had received strategic investments from Wall Street and blockchain core capital, including Sopris Capital and Blockware CEO Mason Jappa. WebX International plans to expand its presence in mining services, cryptocurrency asset securitization, Web3 finance, and other areas in the future, aiming to become the leading innovator in Bitcoin financial services in Hong Kong and globally.