MOGU approves up to $20 million allocation to digital currencies
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MOGU Approves Strategic Allocation of Up to US$20 Million to Digital Currencies
September 11, 2025 6:30 AM EDTHANGZHOU, China--(BUSINESS WIRE)-- MOGU Inc. (NYSE: MOGU) (MOGU or the Company), a KOL-driven online fashion and lifestyle destination in China, today announced that its board of directors has approved a strategic allocation of up to US$20 million corporate assets to digital currencies, primarily Bitcoin, Ethereum, and Solana, including related securities and investment products on September 9, 2025. The board believes that by integrating digital assets into its core assets, the Company can diversify not only its treasury holdings but also its operational capabilities essential for next-generation AI products and services. The board of directors authorizes... More
