In the latest move to ramp up its crypto business, Thailand’s second-largest lender Kasikornbank (KBank) has purchased a 97% stake in Satang Corporation.
The Securities and Exchange Commission (SEC) is taking legal action against five entities for creating an artificial volume of digital assets on Bitkub and Satang cryptocurrency exchanges.
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Brooker s share price surges by 60%
published : 15 May 2021 at 04:00
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SET-listed Brooker Group s (BROOK) share price rallied 60% after the company reported to the Stock Exchange of Thailand (SET) on Tuesday it invested US$6.6 million (207 million baht) in bitcoin in the first quarter.
Brooker s share price continues to surge despite Covid-19 cases rising and fears of higher global interest rates to curb inflation after the US reported a rate of 4.2% for April on Wednesday, which was higher than expected.
Brooker Group is the first Thai-listed firm to report investments in cryptocurrency. At the end of the first quarter, the company reported it had purchased 122.3158 units of bitcoin at an aggregate value of roughly $6.6 million.