ChainCatcher reported that Nasdaq-listed company Kaixin Holdings has announced the establishment of a digital asset management division to launch its digital asset treasury strategy. The company will raise funds to invest in cryptocurrencies such as BTC and ETH, and is currently exploring the introduction of new strategic investors. Additionally, Kaixin Holdings will acquire high-value projects in the Web3 industry. The company disclosed that it has issued a total of 27,258,228 ordinary shares, including 22,158,228 Class A ordinary shares and 5,100,000 Class B ordinary shares.