Dafeng Electric (6184) officially purchased the first Bitcoin in Taiwan stock market! The stock price trend is weak, is Bitcoin reserve the cure?

Cable and broadband provider Dafeng Electric (6184) today (13 on the 11th day ) further announced progress, having completed the purchase of the first 1 Bitcoin on the 11th, officially launching Bitcoin as a long-term strategic reserve asset's practical deployment. This is the company's first tangible action since announcing the establishment of the “Digital Asset Committee” in August, making Dafeng Electric the first publicly listed company in Taiwan's Capital Market to truly engage in Bitcoin asset allocation.

( The first Bitcoin reserve concept stock in Taiwan stock market! Dafen Electric 6184 announced the establishment of a digital asset committee, with the financial report for the first half of the year hitting a new high for the same period ).

Launch of Bitcoin reserve system trial, completing the procurement of 1 BTC as a test.

Dafeng Electric stated that this purchase is part of the initial trial phase, with the invested amount accounting for a very low percentage of total assets, and the main purpose is to:

Verify internal governance system

Test operation process and compliance control

Confirm the security of the custody mechanism

The company emphasizes that this acquisition will not have a significant impact on its financial structure, but it symbolizes the first step the company has taken towards institutionalized management.

Dafeng Electric stated: “We understand the cautious attitude of the outside world towards digital assets; trust must be built on systems and discipline. This action is the starting point of our institutionalized management, and in the future, we will continue to strengthen market trust through transparency and discipline.”

Regulated trading platform execution, using Anchorage Digital Bank custody

Dafeng Dian stated that the entire trading process is completed entirely through a regulated platform, and has entrusted Anchorage Digital Bank, N.A., regulated by the Office of the Comptroller of the Currency (OCC), to act as the custodian.

This type of custody arrangement meets international institutional standards:

Multi-layer security control

Compliance Processing Procedures

Clear asset segregation

Anchorage is a compliant bank in the United States, with investors including a16z, Blockchain Capital, Singapore's sovereign wealth fund, Pantera Capital, Paradigm, Hack VC, Polychain, Triton Capital XYZ, SV Angel, NFX, PayPal Ventures, Khosla Ventures, Goldentree, KKR, Visa, iAngels, BlackRock, Goldman Sachs, Lux Capital, Wellington Management, Navel, Alameda, and others.

In this article, Dafeng Electric officially purchased the first Bitcoin on the Taiwan stock market! With a weak stock price trend, is Bitcoin reserve the remedy? First appeared in Chain News ABMedia.