Nasdaq-listed SEALSQ Announces Plans to Establish a Cryptocurrency Investment Fund of Approximately $30.00M

SEALSQ (NASDAQ: LAES), a company focused on semiconductor development and public key infrastructure, has announced its intention to establish a cryptocurrency investment fund with a size of approximately $30.00M, and plans to use the funds to purchase digital assets including $BTC, $ETH, and HBAR. SEALSQ stated that this strategic move is not only a financial investment, but also a technical investment, with the goal of building a secure, private, and trusted machine-to-machine (M2M) autonomous transaction system in the face of future quantum computing threats. As of July 15, the company held more than $170.00M in cash and cash equivalents. [Wu Blockchain]