Hong Kong crypto exchange HashKey to launch $500 million digital treasury fund
(Reuters) -HashKey Group will launch its inaugural Digital Asset Treasury (DAT) focused fund with an initial target size of $500 million, Hong Kong’s largest licensed crypto exchange said on Monday.
The multi-currency fund’s DAT strategy refers to public companies accumulating cryptocurrency assets to capitalise on higher token prices and a softening regulatory environment.
The strategy’s popularity surged this year as many companies seek to replicate the success of U.S.-based Strategy, a software company that began accumulating bitcoin in 2020 and holds more than $63 billion in cryptocurrency as of June.
Strategy copycats have increased their bitcoin holdings to nearly 100,000 bitcoin collectively, according to Standard…
