Fidelity acquires stake in HK crypto firm BC Group

Photo: Internet Archive

Fidelity International has acquired an HK$110.5 million ($14.2 million) stake in the operator of OSL, one of Asia’s biggest digital-asset platforms for professional investors.

The investment manager acquired 17 million shares of BC Technology Group Ltd. for an average price per share of HK$6.50 as of Feb. 12, according to a Hong Kong stock exchange filing. The acquisition makes Fidelity a substantial shareholder with a 5.6% position.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter