Source - Alliance News

Anemoi International Ltd on Friday said it will allocate a significant proportion of its cash balance to cryptocurrency holdings after ‘multiple unsolicited approaches’ from crypto advocates.

The Tortola, Virgin Islands-based holding company is the sole owner of id4 AG, a software developer for financial services and regulation based in Kastanienbaum, Switzerland.

Under a revised treasury strategy, Anemoi will allocate up to 75% of its cash to cryptocurrencies, liquid cryptocurrency funds, instruments or derivatives.

Anemoi’s board said this will compliment the ‘current core business of know-your-customer and anti-money-laundering software development and services’. The company aims to continue expanding ‘through external as well as internal growth’, it said.

Anemoi shares rose 40% to 0.63 pence each on Friday morning in London, giving it a market capitalisation in the region of £987,610.

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