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The Brooker group becomes the first publicly listed company in Thailand to hold bitcoin.

Thailand SEC backs away from income requirements for crypto traders proposal.


The Brooker Group has reportedly become the first publicly listed company in Thailand to hold bitcoin on its balance sheet. The publicly listed company has disclosed that it has bought 122.3158 bitcoins worth $6.6 million or 200 million baht. The Thailand-based firm provides independent advisory services to private and public sector clients in Thailand and overseas. The number of public companies investing in bitcoin is growing worldwide. 

 

The Brooker Group disclosed its cryptocurrency investments in its filing with the SEC. 

The Brooker Group disclosed its cryptocurrency investments earlier this week in its filing with the Thai Securities and Exchange Commission (SEC). The company said it had bought 122.3158 bitcoins worth US$6.6 million or 200 million baht through U.S.-listed crypto exchanges in the first quarter of this year via its subsidiary in Hong Kong. The company further noted that its board of directors had approved a maximum investment of $48 million or about 1.5 billion baht. The company says it may invest up to 50% in cryptocurrencies in the future. 

 

“Companies’ decision to invest in cryptocurrencies is up to them.”

Before The Brooker Group’s disclosure, a small number of Thai publicly traded companies accepted cryptocurrencies as a means of payment, such as Ananda Development and Major Cineplex Group. None had declared that they were holding any bitcoin or other cryptocurrencies on their balance sheets. SEC Secretary-General Ruenvadee Suwanmongkol said, listed companies’ decisions to invest in any asset class, including digital assets, are entirely up to the company’s board of directors, who must make investment decisions with caution and responsibility.” Earlier, several companies in the US also announced to add bitcoin to their balance sheets. 



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