COOLPAD GROUP (02369.HK): Acquired 24,800 MSTR Shares for Total Consideration of Approximately USD 2,382,612
NewTimeSpace News: On 11 August 2026, Coolpad Group Limited (stock code: 02369) announced that the Group has acquired listed securities related to the crypto-asset industry on the open market. During the period from 30 July to 10 August 2026 (Eastern Standard Time), Digital Tech, a wholly-owned subsidiary of the company, acquired an aggregate of 24,800 MSTR shares at a total consideration of approximately USD 2,382,612 (equivalent to approximately HKD 18,608,200, excluding stamp duty and related expenses), representing approximately USD 96.07 per MSTR share (equivalent to approximately HKD 750.33). The consideration was settled in cash from the Group's internal financial resources.
According to the announcement, MSTR refers to Strategy Inc., a bitcoin treasury company incorporated in the State of Delaware, the United States, whose Class A ordinary shares are listed on the Nasdaq Global Select Market (stock code: MSTR). Following these acquisitions, based on publicly available information as of the date of the announcement, the Group holds approximately 0.01% of the total outstanding shares of MSTR, and MSTR will not become a subsidiary of the company.
In terms of implications under the Listing Rules, as the highest applicable percentage ratio of the aggregate amount of the acquisitions exceeds 5% but is less than 25%, the acquisitions constitute a discloseable transaction of the company and are subject to the notification and announcement requirements, but are exempt from the shareholders' approval requirement. The Board considers that, having considered the principal business, future prospects and development potential of MSTR, the acquisitions represent an opportunity for the Group to expand its digital currency business and enhance investment returns, and are in the interests of the company and its shareholders as a whole.
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