Tian Ruixiang Announces $1.1 Billion Bitcoin Equity Deal
- Tian Ruixiang Holdings Ltd (Nasdaq: TIRX) has entered a strategic agreement for an investor to contribute 15,000 Bitcoin valued at approximately $1.1 billion.
- The deal includes a partnership focusing on artificial intelligence and crypto initiatives, including an AI-powered trading lab.
- Following the announcement, TIRX shares surged by about 190%, reaching an intraday market cap of around $9.5 million.
- If completed, Tian Ruixiang would become the eighth-largest publicly traded Bitcoin treasury company globally.
- Currently, nearly 200 publicly traded companies hold a combined total of about 1,135,671 BTC.
This significant investment reflects growing interest in integrating cryptocurrency with traditional business models and highlights Tian Ruixiang’s focus on innovation in both AI and blockchain technologies.
With the potential acquisition of 15,000 Bitcoin, Tian Ruixiang could rank among the top players in the cryptocurrency treasury space.(Source)
