Core Insights - Pop Culture Group Co Ltd. experienced a significant stock price movement, with shares initially rising by 47% to a high of $2.13 before retracing by 2.47% in after-hours trading [2][5]. - The company has initiated a cryptocurrency fund pool, purchasing 300 Bitcoin for $33 million, which will also include other cryptocurrencies like Ethereum and Hyperbot [3][4]. Company Developments - The purpose of the newly established fund is to invest in promising cryptocurrencies within the Web3 pan-entertainment sector and projects with high growth potential [4]. - CEO Huang Zhuoqin emphasized that this strategic investment is aimed at building a global Web3 pan-entertainment super ecosystem [4]. Stock Performance - During regular trading on Wednesday, Pop Culture shares closed 12.50% higher at $1.62, but the after-hours session saw a decline of 2.47% [2][5]. - Over the past six months, the stock has surged by 179%, indicating strong momentum in the market [5].
Pop Culture Stock Skyrockets After $33 Million Bitcoin Investment, Web3 Push - Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)