AMTD Group Lets Crypto Holders Trade Digital Assets for Shares
AMTD Group, through its subsidiaries AMTD IDEA Group, AMTD Digital Inc., and The Generation Essentials Group (TGE), has announced plans to allocate up to $240 million in crypto reserves by 2025. This initiative involves the launch of a crypto conversion program, wherein the companies will issue new ordinary shares or American depositary shares to cryptocurrency holders in exchange for assets like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB (BNB), and USD Coin (USDC). The program aims to facilitate asset diversification for crypto holders and to bridge the gap between digital assets and traditional financial markets [1].
Under the proposed program, participants will be able to convert their crypto holdings into shares of AMTD IDEA…
