On July 1, Guoxiong Capital announced that it will fully enter the field of Web3.0 and cryptocurrency assets. Yao Shangkun, chairman of Guoxiong Capital, said that he is optimistic about the long-term strategic value of Bitcoin and crypto assets, and believes that this field is in line with the global financial development trend and has huge growth potential. The company has been approved a special budget of 200 million yuan to develop related businesses and invest in crypto assets in the next three years.