Nine Purple Holdings Limited (NASDAQ: JZXN) today announced that the company's board of directors has officially approved and adopted a crypto asset investment policy. The policy authorizes the company to allocate a portion of its cash reserves to specific crypto assets within a prudent risk management framework. After thorough research and careful evaluation, this strategic move follows the recent appointment of industry-renowned crypto expert Dr. Doug Buerger as chief operating officer (COO).
The core policy framework:
1. Clear investment mandates and caps: The board has authorized the company to deploy up to $1 billion for the purchase of crypto assets, ensuring that risk exposure is controlled.
2. Strict asset selection criteria: In the initial stage, the investment scope is limited to Bitcoin (BTC), Ethereum (ETH) and Binance (BNB). Any future expansion plans to other assets are subject to reassessment and approval by the board's risk committee.
3. The highest level of custody standards: The company will not self-custody the acquired cryptoassets.
4. Professional Oversight and Governance Structure: Establish a "Crypto Asset Risk Committee", headed by the Chief Financial Officer, to oversee the implementation of various policies and report regularly to the board of directors.
Nine Purple Holdings Board Approves Investment Policy Allowing Deployment of Crypto Assets Up to $1 billion
2025-09-24 11:23:46
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