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CPOP Adds $33M in Bitcoin; Treasury Move Spurs 56% Stock Spike, Then Pullback
Yahoo Finance·2025-09-12 04:52

Chinese entertainment company CPOP has acquired 300 Bitcoin worth 33millionforitsnewcryptotreasuryfund.FollowingTuesdaysannouncement,thecompanysstocksurged5633 million for its new crypto treasury fund. Following Tuesday’s announcement, the company’s stock surged 56% from 1.35 to 2.11beforeretreatingto2.11 before retreating to 1.56 amid broader market volatility. This latest acquisition follows CPOP’s July announcement of plans to enter crypto markets, which initially drove shares up 270% from around $0.50 as investors anticipated the company’s digital asset shift. Pop Culture Group Co., Ltd. has established wh ...