On October 6, 2025, Kaixin Holdings announced the establishment of its Digital Asset Management Department and the launch of a digital asset allocation strategy. The announcement was made via a press release issued at 00:01:02 on October 7, 2025, confirming the event occurred the previous day.
The new department will raise funds to acquire cryptocurrencies such as Bitcoin and Ethereum, and will implement a digital asset allocation strategy aimed at generating value for the company. As of October 6, 2025, Kaixin had 27,258,228 ordinary shares outstanding, comprising 22,158,228 Class A shares and 5,100,000 Class B shares.
By leveraging the volatility and long‑term growth potential of cryptocurrencies, Kaixin creates a new revenue stream and reduces exposure to its legacy business risks. This move represents a significant diversification of Kaixin’s portfolio and a strategic shift into the growing digital asset market.
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