US-listed Company Skynet plans to acquire 15,000 bitcoins through an equity-related transaction

BlockBeats News, February 4th, according to Cointelegraph, Nasdaq-listed insurance brokerage firm Tianrui Xiang announced that the company has reached a strategic agreement, with an undisclosed investor contributing 15,000 Bitcoins in exchange for equity in the company, currently valued at around $1.1 billion.

Tianrui Xiang also stated that the agreement includes a strategic collaboration focusing on artificial intelligence and the crypto field, planning to jointly establish an innovation laboratory to develop AI-driven trading and risk management tools, blockchain infrastructure, decentralized applications, and products covering Layer 2 networks, DeFi, and non-fungible tokens (NFTs).

According to Bitget data, Tianrui Xiang (TIRX) closed at $0.15, up 98.41%. With a market capitalization of about $7.479 million, far below the implied value of the proposed Bitcoin transaction. If the transaction is completed, Tianrui Xiang will receive 15,000 Bitcoins, making it the world's eighth-largest publicly traded Bitcoin treasury company.