Chinese company Zhongchi Chefu, listed on the US stock market, announced the acquisition of digital assets valued at $1.87 billion for $1.1 billion

The Chinese company Zhongchi Chefu Internet Technology Co., Ltd., listed on the US stock market, announced the completion of negotiations to acquire approximately $1.1 billion worth of high-quality digital assets from a cryptocurrency institution, valued at about $1.87 billion.

This acquisition includes mainstream crypto assets, high-growth potential public chain ecological tokens, infrastructure assets related to stablecoins and compliant payment, as well as equity and tokens from multiple high-quality projects. At the same time, Zhongchi Chefu's US subsidiary has reached a principle cooperation agreement with the cryptocurrency giant, where both parties will engage in deep cooperation in the development of the Digital Asset Treasury (DAT), the construction of compliant crypto payment infrastructure, and the expansion of multi-scenario payment ecosystems, jointly creating and leading the global cryptocurrency digital asset treasury and crypto payment market. The management of Zhongchi Chefu stated that this counter-cyclical digital asset acquisition marks the company's transition from "traditional asset allocation" to a new era of "global diversified digital asset allocation."