Chinese Insurance Firm Tian Ruixiang Secures $1.1B Bitcoin Investment Deal
Nasdaq-listed Tian Ruixiang Holdings has announced a strategic agreement with an undisclosed investor to acquire 15,000 BTC in exchange for company equity.
Tian Ruixiang Holdings Ltd (Nasdaq: TIRX), a Chinese insurance brokerage, has entered into a strategic agreement to receive 15,000 Bitcoin from an unnamed global digital asset investor in exchange for an equity stake in the company, the firm announced recently.
Based on current Bitcoin valuations around $75,000, the proposed investment would total approximately $1.1 billion. The partnership will also establish a joint innovation laboratory focused on developing AI-driven trading platforms, risk management systems, and blockchain infrastructure spanning layer-2 networks, DeFi, and NFTs.
Shares of Tian Ruixiang surged roughly 190% in early trading following the announcement, bringing its intraday market capitalization to about $9.5 million—significantly below the transaction's implied value. Should the deal close, the company would become the eighth-largest publicly traded Bitcoin treasury holder globally, positioning itself between Coinbase's 14,548 BTC and Riot Platforms' 18,005 BTC holdings.
The announcement follows Tian Ruixiang's January 30 disclosure regarding advanced negotiations to acquire a Hong Kong-based insurance brokerage specializing in AI and crypto-enabled wealth management. The company has not revealed transaction timing, custody arrangements, or settlement details for the Bitcoin acquisition.
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