Key Notes
- The partnership allocates VCI International a 70% administration stake whereas the companion retains custody of the substantial Bitcoin reserves.
- QuantVault platform will retailer the cryptocurrency utilizing {hardware} encryption and quantum-resistant safety measures for institutional safety.
- VCIG shares surged 17.6% following the announcement regardless of accumulating 99.98% losses since its April 2023 NASDAQ debut.
The corporate will handle commercialization with a 70% stake, whereas its companion maintains custody of the Bitcoin reserves. Focus areas embody tokenizing real-world belongings, providing vault providers, and linking encrypted techniques with AI computing.
According to VCI Global’s announcement, the Bitcoin shall be saved in QuantVault, a platform with {hardware} encryption and quantum-resilient options, addressing some rising considerations about quantum computing and cryptocurrency safety. This setup goals to assist governments and establishments with safe digital frameworks.
The initiative builds on VCI International’s work in cybersecurity and AI, together with current launches like Qsecore and its V Gallant division for GPU {hardware}. Dato’ Victor Hoo, group government chairman and CEO, indicated the partnership helps construct safe, scalable digital asset techniques aligned with rules.
“This partnership is a big step towards making Bitcoin infrastructure sovereign-compliant and RWA-ready. By integrating encrypted vaulting, sovereign-grade computing, and Bitcoin reserves, we’re constructing the muse for a brand new era of institutional-grade digital asset ecosystems which might be safe, scalable, and regulation-aligned,” mentioned Victor Hoo.
With Bitcoin’s market cap exceeding $2.25 trillion on the time of this writing, in line with CoinMarketCap knowledge, this positions VCI International amongst Nasdaq-listed corporations combining massive Bitcoin holdings with superior infrastructure.
VCI International (NASDAQ:VCIG) Worth Evaluation
VCI International (NASDAQ:VCIG) shares have been buying and selling at $1.02 by press time, up 17.6% intraday, following the announcement. Nonetheless, VCIG has been struggling in value efficiency since its NASDAQ itemizing, accumulating 99.98% in losses from April 13, 2023, to its present valuation.
From a technical evaluation perspective, the inventory has been buying and selling in a neutral-to-bearish momentum, in line with the day by day relative power index (RSI), and its development is persistently far beneath the 50-day exponential shifting common (1D50EMA).
VCI International (NASDAQ:VCIG) 1D historic value chart | Supply: TradingView
Traditionally, firms like former MicroStrategy, now Strategy (NASDAQ:MSTR), have used a Bitcoin reserve technique as a option to regain market curiosity and constructive value motion, betting on Bitcoin’s success in opposition to the greenback and different conventional belongings.
On an identical be aware, BitMine went a step additional, saying an Ethereum-based treasury reserve, additionally seeing constructive value motion post-announcement. Brevan Howard, one of many world’s largest hedge funds, not too long ago disclosed a big allocation in BlackRock’s Bitcoin ETF (IBIT), accounting for 21% of the fund’s portfolio. That is one other testimony to rising institutional curiosity within the main cryptocurrency.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm info by yourself and seek the advice of with an expert earlier than making any selections primarily based on this content material.
Vini Barbosa has lined the crypto trade professionally since 2020, summing as much as over 10,000 hours of analysis, writing, and modifying associated content material for media shops and key trade gamers. Vini is an lively commentator and a heavy person of the know-how, actually believing in its revolutionary potential. Matters of curiosity embody blockchain, open-source software program, decentralized finance, and real-world utility.
