Hong Kong-listed company Success Global: Agrees with Bitcoin reserve strategy, lost 23.4 BTC due to FTX and still awaits compensation

it was revealed by Sing Tao Daily that Ma Haowen, Vice Chairman of Hong Kong-listed company SDG Globa, disclosed that the company suffered losses due to the collapse of FTX. SDG Globa spent 10.1 million yuan in 2021 to purchase 23.4 bitcoins, which were stored in FTX, which collapsed in 2022 and is still awaiting compensation. However, Ma Haowen stated that he still agrees with the strategy of listed companies holding bitcoin reserves, but has not yet responded to whether he will buy bitcoin again in the future, stating that increased regulation in Hong Kong is boosting investor confidence.