Huajian Medical, a Hong Kong-listed diagnostics company, has unveiled its “Global Enhanced Ethereum Treasury with Downward Protection Mechanism,” designating Ethereum as its primary reserve asset.
The firm purchased 5,190 ETH for HKD$149 million at an average of $3,661 per token, realizing a $1.8 million profit in just one day as ETH surpassed $4,000. Huajian plans to add $112 million in ETH purchases, with an overall treasury allocation target of HKD$880 million.
This move positions Huajian among the growing list of corporations holding significant ETH reserves, alongside BitMine (833,133 ETH), SharpLink Gaming (521,939 ETH), Coinbase (136,782 ETH), Bit Digital (120,306 ETH), and BTCS Inc. (70,028 ETH).
Collectively, publicly traded firms now hold 1,749,490 ETH valued at approximately $7.44 billion, per CoinGecko data.
The company’s aggressive Ethereum strategy highlights rising corporate adoption of digital assets, particularly in Asia, and signals a potential shift in treasury management trends among non-financial firms.
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