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Chinese Money Enters The Picture as Bitcoin Price Slams $114K

A China-based entertainment company has made a major move into crypto, buying 300 Bitcoin just as the market trades near 114,000.PopCultureGroup(NASDAQ:CPOP),headquarteredinXiamen,disclosedthe114,000. Pop Culture Group (NASDAQ: CPOP), headquartered in Xiamen, disclosed the 33M purchase in a press release. The company emphasized the beginning of its digital asset treasure and part of wider plans to connect its entertainment business with Web3. It shared its plan to invest in additional assets in Bitcoin, Ethereum, and BOT to establish a diversified crypto fund to finance ...