Overview
- Pop Culture said the 300 BTC purchase will anchor a diversified fund that also plans allocations to Ethereum and the company’s BOT token, alongside targeted Web3 entertainment investments.
- CEO Huang Zhuoqin outlined a vision to build a global Web3 pan‑entertainment ecosystem connecting live events, digital content, and artist management through tokenized rights and monetization models.
- CPOP shares spiked to an intraday high of $2.13, up 47% from the prior close, then ended up 12.5% at $1.62, with early Thursday pre‑market trading down about 12% to $1.42.
- Bitcoin hovered around $114,000 as analysts noted a weekly moving‑average “golden cross” and tracking showed the strongest spot ETF net inflows in two months.
- The move aligns with a broader corporate accumulation trend cited by Bitwise and CoinGecko, with institutions now holding more than 7% of Bitcoin’s circulating supply.