Chinese medical diagnostics provider Huajian Medical has introduced its strategy of a 'Global Enhanced Ethereum Treasury with Downward Protection Mechanism,' placing Ethereum at the core of its financial assets.
Ethereum Reserve Strategy
Huajian Medical has announced that Ethereum (ETH) will become its main reserve asset. The company aims to hold more ETH than any other company on the Hong Kong stock market and become a global leader in Ethereum reserves.
Investment Activities
According to cnLedger, Huajian has already purchased 5,190 ETH worth over $22 million and plans to spend another $112 million on ETH. The initial purchase was made at $3,661 per ETH, yielding a $1.8 million profit in just one day as ETH hit $4,008.96. Huajian intends to convert its medical assets, including equipment and property, into digital tokens on its ivd.xyz exchange and convert profits into Ethereum to grow its treasury.
Future Plans and Collaboration
To ensure safe and efficient ETH transactions, the company collaborates with HashKey Group. To protect against ETH price drops, Huajian Medical employs a 'downside protection mechanism' which includes seven strategies relying on special financial tools like derivatives. Furthermore, Huajian has set aside $880 million for future ETH purchases and aims to transform healthcare financing using blockchain technology.
Huajian Medical is actively integrating blockchain into its operations, hoping to achieve a market value of $100 billion in the next two years through its innovative Ethereum strategy.
