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The latest update is out from International Business Settlement Holdings Limited ( (HK:0147) ).
International Business Settlement Holdings Limited, through its 70%-owned joint venture Keen Golden, has announced the acquisition of 105.88972 units of Bitcoin for US$12.0 million. The transaction, conducted on a regulated trading platform, is part of the company’s broader cryptocurrency-related business strategy, including previous acquisitions of supercomputing servers. This move is seen as a strategic investment to enhance the company’s position in the digital currency market, leveraging internal resources for the purchase.
The most recent analyst rating on (HK:0147) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on International Business Settlement Holdings Limited stock, see the HK:0147 Stock Forecast page.
More about International Business Settlement Holdings Limited
Average Trading Volume: 59,388,796
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.31B
See more data about 0147 stock on TipRanks’ Stock Analysis page.