Zhongchi Automotive, a Chinese company listed on the US stock market, announced that it will acquire digital assets valued at $1.87 billion for $1.1 billion.

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According to a TechFlow report on February 10th, Autozi Internet Technology (Global) Ltd. announced the completion of negotiations to acquire approximately $1.87 billion worth of high-quality digital assets from a crypto firm for approximately $1.1 billion. The acquisition includes mainstream crypto assets, high-growth potential public blockchain ecosystem tokens, infrastructure assets related to stablecoins and compliant payments, as well as equity and tokens from several high-quality projects.

Meanwhile, Zhongchi Chefu's US subsidiary has reached an agreement in principle with the crypto giant. The two parties will cooperate deeply in the development of a Digital Asset Database (DAT), the construction of compliant crypto payment infrastructure, and the expansion of a multi-scenario payment ecosystem, jointly building and leading the global cryptocurrency digital asset database and crypto payment market. Zhongchi Chefu's management stated that this counter-cyclical digital asset acquisition marks the company's transition from "traditional asset allocation" to a new era of "global diversified digital asset allocation."

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