Aurora Mobile (JG) Plans Crypto Investment Strategy
Aurora Mobile (JG), a Nasdaq-listed marketing technology provider, is the latest publicly traded company to plan a treasury strategy that includes cryptocurrency investments.
The Shenzhen, China-based company’s board approved an initiative to convert up to 20% its cash and cash equivalents into BTC and other digital assets. The investments may include bitcoin
, ether , Solana’s sol and sui among other tokens, it said Wednesday.
Aurora aims to “preserve and enhance asset value while supporting its strategy to expand market coverage,” it said in a statement.
In its latest quarterly earnings report, Aurora reported cash, cash equivalents and restricted cash totaling 113.6 million yuan ($15.8 million), suggesting it could invest some $3…
