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Huajian Medical pauses its plan for the acquisition of cryptocurrency worth 3 billion dollars.
Huajian Medical Holdings, a healthcare company listed in Hong Kong, has temporarily postponed its plan to acquire Ethereum worth 3 billion yuan pending approval from shareholders. This decision reflects the growing regulatory and procedural challenges faced by traditional businesses as they expand into the digital asset space.
The company stated that the suspension is only temporary and all future acquisitions of Ethereum will strictly comply with the disclosure requirements of the Hong Kong Stock Exchange under Chapter 14.
This deal marks a strategic shift for Huajian Medical from the field of medical technology to the application of blockchain and AI. Meanwhile, the price of Ethereum reached 3,900.92 USD, with a market capitalization of 470.83 billion USD and a trading volume of 17.32 billion USD, reflecting the strong volatility of the market.