CPOP Adds $33M in Bitcoin; Treasury Move Spurs 56% Stock Spike, Then Pullback
Chinese leisure firm CPOP has acquired 300 Bitcoin value $33 million for its new crypto treasury fund. Following Tuesday’s announcement, the corporate’s inventory surged 56% from $1.35 to $2.11 earlier than retreating to $1.56 amid broader market volatility. This newest acquisition follows CPOP’s July announcement of plans to enter crypto markets, which initially drove shares…
