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Linekong Web3 expansion strategy
Key Points:* Linekong launches LK Crypto Division.
This strategic initiative aims to accelerate the company’s expansion into crypto asset management by incorporating mainstream assets and pursuing global partnerships.
Linekong Expands into Web3 with New Crypto Division
Linekong Interactive Group, a technology company listed in Hong Kong, has announced the establishment of the LK Crypto Division to accelerate its expansion into Web3 and crypto asset management. This strategic move includes the management of mainstream assets like Bitcoin, Ethereum, and Solana. Future plans entail increased investment in crypto asset allocation, project incubation, and international cooperation.
Linekong Interactive Group stated, “We aggressively consolidated our investment and research business, reorganized the cryptocurrency investment and research institution, Consensus Lab, and officially established LK Venture in Hong Kong to venture into the Web3 industry and virtual asset investment market. Meanwhile, we improved our asset allocation structure by purchasing 33.1273 units of Bitcoin…” source.
Impact and Reactions: With the introduction of this division, Linekong plans to enhance its crypto asset capacity and build a robust Web3 ecosystem. This anticipated expansion could position the company as a pivotal player in international crypto markets. Industry analysts suggest this move echoes strategies similar to other major players expanding into crypto asset treasuries.
However, no major statements from leading executives of the company were released at the time of the announcement.
Hong Kong’s Stance Fuels Linekong’s Blockchain Commitment
Did you know? Linekong Interactive’s push into Web3 marks a significant alignment with trends in the APAC region, where such investments have surged by 45% in recent years.
Bitcoin (BTC) currently trades at $118,306.00, with a staggering market cap of $2.35 trillion and a dominance of 62.89%. Over 24 hours, BTC has seen a 1.32% rise. The 30-day figure shows a 10.45% increase, as reported by CoinMarketCap.
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