DigiAsia Plans $100 Million Raise, Allocates 50% Profits to Bitcoin as UBS Reports Asia’s Richest Abandon US Dollar

UBS Group AG has reported a trend among Asia’s wealthiest investors moving away from the US dollar in favor of Bitcoin and gold, signaling a bullish outlook on tangible stores of value in the region. Concurrently, DigiAsia Corp., a publicly traded fintech company based in the United States, announced plans to raise $100 million. The company intends to allocate 50% of its net profits toward purchasing Bitcoin, adopting a corporate treasury strategy centered on the cryptocurrency. This move highlights accelerating corporate adoption of Bitcoin as a treasury asset.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.