Dafeng Electric (6184) Bitcoin reserve market cools down, stock price falls back to the starting point in a week.

Last week, cable TV operator Da Feng Electric (6184) announced that it would list Bitcoin as a long-term reserve asset, causing its stock price to rise over 20% at one point. However, in recent days, the stock price has significantly pulled back, almost returning to the starting point. (Background: The first Bitcoin reserve company in Taiwan is born! Will Da Feng Electric become Taiwan’s version of MicroStrategy?) (Context: Reports from Taiwan’s community about deposit disasters, with multiple exchanges remaining unresponsive to withdrawal requests, and SNS urging “refuse to use Taiwanese exchanges”) Just a week ago (on the evening of the 13th), the board of directors of Da Feng Electric (6184) decided to include Bitcoin in its long-term reserve assets. Although the company has not clearly stated when and how much Bitcoin it will purchase, on the following day, as soon as the Taiwan stock market opened, Da Feng Electric hit the upper limit with a surge, reaching 61.7 TWD on the 15th, marking a nearly ten-year high in stock price. However, selling pressure soon appeared, and with Bitcoin’s recent price pullback, Da Feng Electric’s (6184) stock price has returned to 51.6 TWD, almost back to the price level before the Bitcoin reserve plan was announced. One can only say this wave of incentives came quickly and left just as fast. When will Da Feng Electric buy Bitcoin? Da Feng Electric has currently established a “Digital Asset Committee,” convened by director Dai Yonghui, which brings together risk management, legal, cybersecurity, and strategy teams to closely monitor fluctuations, storage security, and information disclosure rhythm. The company spokesperson emphasized: “Incorporating Bitcoin into long-term assets is an important step for us to embrace the digital economy wave.” As for the exact purchasing time and investment amount, no further details have been provided yet. Introduction to Da Feng Electric Da Feng Cable TV Co., Ltd. was established in March 1996 and went public on February 15, 2005. Its main business includes: Operating cable TV systems in areas such as Banqiao, Tucheng, and Zhonghe in New Taipei City, later acquiring and expanding to become one of the largest CATV operators in New Taipei City. Providing content for analog and digital TV channels, including public welfare, finance, entertainment, movies, news, cartoons, and sports. Designing, manufacturing, and repairing TV receivers and transmitters, as well as selling related set-top boxes, smart cards, equipment, and materials. Promoting broadband internet services, channel leasing, advertising revenue, fiber circuit leasing, and other diversified revenue sources. Related reports Tom Lee predicts Bitcoin will reach $250,000 by the end of the year; why has the market turned its attention to Bitcoin Hyper and other L2 projects? DAT Digital Vault rises: from holding Bitcoin to yield management. Chinese A-share aunt calls for cryptocurrency: Bitcoin is digital gold, Ethereum is Web3’s Nvidia, and SOL is the leader of the blockchain gambling industry. <Da Feng Electric (6184) Bitcoin reserve market cools down, stock price falls back to starting point in a week> This article was first published on BlockTempo, the most influential blockchain news media.