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According to a press release, the company wants to invest up to $100 million in Q1, 2021. Greenpro believes in the ongoing "mass adoption of BTC by banks, hedge funds, insurance companies and institutions." The Kuala Lumpur-based company notes bitcoin is the only reliable future store of value.
"We believe the strategic management of our balance sheet, combined with the implementation of our $BTC Fund and crypto strategy will produce significant future value for the Company," the announcement says.
Greenpro expects that other top cryptocurrencies such as ether (ETH) will also provide the opportunity "for better returns." The company will reportedly use its subsidiary, CryptoSX to acquire its BTC stake.
Earlier in December iHodl reported that Brevan Howard, one of the largest macro hedge funds in the world, indirectly invested in cryptocurrencies through One River Asset Management. Eric Peters, One River Asset Management CEO, said that he founded a new company focused on cryptocurrencies.