PANews reported on October 17th that, according to Business Insider, Delin Holdings (01709.HK) announced a comprehensive strategic partnership with fintech company Antalpha. The partnership, valued at up to $200 million, covers two key areas: tokenized gold assets and Bitcoin mining infrastructure, establishing a dual-track strategy connecting traditional and digital finance. Regarding gold assets, Delin Holdings is implementing an initial $5 million investment in Tether Gold (XAUT) and plans to purchase and distribute up to $100 million worth of XAUT over the next 12 months. Regarding computing power infrastructure, it plans to invest an additional $100 million in Bitcoin mining, having already purchased thousands of high-performance mining machines and formed a strategic alliance with Antalpha.PANews reported on October 17th that, according to Business Insider, Delin Holdings (01709.HK) announced a comprehensive strategic partnership with fintech company Antalpha. The partnership, valued at up to $200 million, covers two key areas: tokenized gold assets and Bitcoin mining infrastructure, establishing a dual-track strategy connecting traditional and digital finance. Regarding gold assets, Delin Holdings is implementing an initial $5 million investment in Tether Gold (XAUT) and plans to purchase and distribute up to $100 million worth of XAUT over the next 12 months. Regarding computing power infrastructure, it plans to invest an additional $100 million in Bitcoin mining, having already purchased thousands of high-performance mining machines and formed a strategic alliance with Antalpha.

                                                                               Although crypto treasury companies have enjoyed short-term price gains, most have underperformed the underlying assets they hold.                     Crypto asset prices retraced this week, but the spot market is faring better than most digital asset treasury companies, which have lost over 90% of their value in some cases due to market saturation and investor concerns over the sustainability of the digital asset treasury business model.Strategy, the largest Bitcoin (BTC) treasury company, is down about 45% from its all-time high of $543 per share during intraday trading in November. Comparatively, BTC is up about 10% since hitting a high of over $99,000 over the same month.Additionally, BTC has printed successive new highs since December, hitting an all-time high of over $123,000 in August, whereas Strategy has failed to reach a new all-time high in 2024 or even recapture its previous all-time high during the same time period.Read more