Yuxing Technology exchanged approximately 14.4 million dollars worth of BTC and ETH for USDC and USDT on March 18

ChainCatcher news, Yuxing Technology conducted cryptocurrency trading activities from March 18 to 20, 2024, purchasing approximately 14.4 million dollars worth of stablecoins (about 9.6 million USDC and about 4.8 million USDT), and selling an equivalent amount of Bitcoin (selling 113 BTC at an average price of 66,000 dollars) and ETH (selling 2012 ETH at an average price of 3,436 dollars).

The board believes that now is an appropriate time to convert the company's holdings of Bitcoin and Ethereum into stablecoins and realize investment returns.