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Greenpro Capital to raise $100 million to invest in Bitcoin

John Williams

Dec 30, 2020 — 1 min read

Hong Kong-based multinational financial services company Greenpro Capital Corp. has announced its plan to invest in Bitcoin. The company in a press statement said that it will invest in Bitcoin with its own cash, and also raise up to $100 million in debt to buy more of the digital asset. Affirming this, Dr. CK Lee, CEO of Greenpro Capital said:

We fully believe in $BTC as a store of value. I’ve instructed our investment bankers to raise debt in Q1, 2021 of up to US$100 million to invest in $BTC. The Company will also invest its own cash into $BTC.

The Nasdaq-listed firm believes that Bitcoin is a viable store of value. According to them,

[Greenpro] believes in the ongoing mass adoption of $BTC by banks, hedge funds, insurance companies and institutions and endorses its belief that bitcoin, as the world’s most widely-adopted cryptocurrency, is a reliable future store of value.

Beyond Bitcoin, the firm also looks to Ethereum and other top cryptocurrencies as better stores of value than fiat currencies.

Greenpro Capital will be using one of its subsidiaries, CryptoSX to buy Bitcoin.

Another Nasdaq-listed firm, MicroStrategy, had on December 21 announced the purchase of $650 million worth of Bitcoin following a private offering of senior convertible notes.

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