AMTD Group Embraces Cryptocurrency for Treasury Reserves by 2025

• AMTD Group will integrate Bitcoin, Ethereum, and Tether
• TGE leads groups crypto strategy
• No major market reactions reported

AMTD IDEA Group, along with subsidiaries AMTD Digital Inc. and The Generation Essentials Group, announces a $240 million liquid corporate treasury investment in Bitcoin, Ethereum, and Tether.

This marks a significant shift toward integrating cryptocurrencies in large corporate treasuries, potentially influencing digital asset market dynamics and attracting increased institutional attention.

AMTD Targets $240 Million Crypto Treasury by 2025

The integration of digital assets is not new to corporations. However, AMTDs adoption is noteworthy given its simultaneous impact on three listed companies. Immediate reactions from regulators like SEC and CFTC remain absent, and market impacts are minimal as of today.

Government bodies and crypto industry insiders haven‘t publicly commented on AMTD’s announcement. The integration plans did not trigger significant on-chain movements in BTC or ETH.

No direct quotes available from AMTD IDEA Group executives regarding the newly announced cryptocurrency strategy.

Bitcoin and Ethereums Resilience Amid Corporate Adoption

Did you know？ When Tesla invested in Bitcoin, it prompted a short-lived price spike. However, AMTDs move may not produce similar market waves without notable executive or regulatory acknowledgment.

Bitcoin (BTC) is trading at $115,038.17, with a market cap of 2.29 trillion and a dominance of 57.57%, according to CoinMarketCap. Recent movements show a 1.35% decline over 24 hours. The cryptocurrencys price rose 8.71% over 60 days, signaling resilience amid market volatility.