On Tuesday, three NYSE-listed affiliates of AMTD Group proposed a cryptocurrency-for-stock conversion program that would allow holders to exchange Bitcoin, Ethereum, USDT, Binance's BNB, and USDC for newly issued shares on the exchange.
Companies participating in the program include AMTD IDEA (AMTD), AMTD Digital (HKD) and The Generation Essentials Group (TGE). Pricing for the program will be negotiated and based on current market value, and shares can be divided among the three issuers.
The group positioned the plans as a "channel and effective means" for portfolio diversification and said the offerings would "serve as a bridge between the crypto asset world and leading global stock exchanges".
AMTD Group, a US-listed company, plans to launch a "cryptocurrency-for-stock" conversion plan
2025-08-20 07:19:41
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美股上市公司AMTD Group拟推出“加密货币换股票”转换计划
