Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) stock rose Tuesday after the company unveiled a sweeping strategic partnership in digital assets.
The company said it reached a definitive agreement with a global digital asset investor to deepen its presence in AI and cryptocurrency.
Under the agreement, the strategic investor will contribute 15,000 Bitcoins (CRYPTO: BTC/USD) to TIRX. The investor will receive a sizable equity position in exchange for the digital asset infusion.
TIRX said the transaction significantly expands its digital asset holdings.
The company described the deal as a turning point for its technology and balance sheet.
TIRX said the investor brings deep experience across global cryptocurrency markets. The partner also contributes extensive industry relationships and operational expertise.
Management said the equity structure reflects confidence in TIRX’s long-term strategy.
TIRX expects the Bitcoin reserve to …