Yuxing Technology sold approximately 6.3 million USDT and purchased 78.2 BTC

ChainCatcher news, the Hong Kong-listed company Yuxing Technology announced that it has conducted a series of transactions in the open market from July 25, 2024, to December 31, 2024.

Including:

(i) Purchased approximately 78.2 units of Bitcoin at an average price of $80,960 per unit, with a total cost of approximately $6.3 million (excluding transaction costs)

(ii) Sold approximately 6.3 million units of USDT at an average price of $1 per unit, with a total value of approximately $6.3 million (excluding transaction costs). The USDT sold under this transaction was used to convert into an equivalent amount of Bitcoin for the purchase mentioned above.