Kaixin Holdings Establishes Digital Asset Management Department and Launches Digital Asset Allocation Strategy

Core Insights - Kaixin Holdings has established a Digital Asset Management Department to raise funds for acquiring cryptocurrencies like Bitcoin and Ethereum, aiming to implement a digital asset allocation strategy to generate value for the company [1] - The global economy's complexity and volatility have increased uncertainties in traditional investments, while the acceptance of cryptocurrencies among investment institutions is growing, indicating potential long-term returns despite market fluctuations [2] - The company is looking to introduce new strategic investors and acquire high-value projects in the Web3 industry to optimize its equity structure and enhance its innovative asset allocation approach [3] Company Overview - As of October 6, 2025, Kaixin Holdings has issued a total of 27,258,228 ordinary shares, which includes 22,158,228 Class A ordinary shares and 5,100,000 Class B ordinary shares [4] - Kaixin Holdings is transitioning into an AI-driven tech business in China, focusing on developing online live streaming education platforms through AI technologies, thereby expanding its growth opportunities [5]