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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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Guoxiong Capital announces its entry into Web3 with plans to invest 200 million yuan in the layout of encryption assets.
On July 1, 2023, Guoxiong Capital Co., Ltd. announced that it will fully enter the Web3.0 and Crypto Assets sector.
Yao Shangkun, chairman of Guoxiong Capital, stated that he is optimistic about the long-term strategic value of Bitcoin and Crypto Assets, recognizing that this field aligns with the global financial development trend and holds tremendous growth potential. The company has been approved for a special budget totaling 200 million yuan to develop related businesses and invest in Crypto Assets over the next three years.
According to public information, Guoxiong Capital Co., Ltd. was established on September 24, 2019, and is headquartered in Huangdao District, Qingdao City, Shandong Province. It is a venture capital institution focused on high-tech industry investments. As of 2024, the company manages a fund size of 2.87 billion RMB, concentrating on emerging fields such as artificial intelligence, blockchain, biomedicine, and new energy.