BGIN Blockchain Limited executives purchase additional shares, signaling confidence in the company's long-term prospects and strategic direction.
Quiver AI Summary
BGIN Blockchain Limited, a digital asset technology company focused on cryptocurrency mining, announced that its chairman Oisin Li and independent director Paul Tsang have purchased additional Class A ordinary shares in the open market, signaling their confidence in the company's future. Li acquired 60,000 shares at an average price of $3.70, while Tsang bought 8,100 shares at an average price of $2.85. Li emphasized his strong belief in BGIN's potential to establish itself as a key infrastructure player in the Bitcoin ecosystem. The company aims to make crypto mining accessible through innovative products and services designed for a range of users, from beginners to large-scale miners.
Potential Positives
- The chairman and independent director's purchase of additional shares indicates strong confidence in BGIN’s long-term prospects, potentially instilling investor confidence.
- The acquisition of shares at an average price suggests that the directors believe the stock is undervalued, which could attract further investment.
- BGIN's strategic focus on becoming an infrastructure player within the Bitcoin ecosystem aligns with growing demand for cryptocurrency mining solutions, positioning the company for future growth.
Potential Negatives
- The significant reliance on the confidence of the chairman and independent director’s personal stock purchases may indicate a lack of broader institutional interest in the company.
- The need for the company to highlight the chairman's personal investment and express confidence in its future may suggest uncertainty about its current market performance.
- Forward-looking statements include caution that actual results may materially differ from expectations, indicating potential risks that investors should consider.
FAQ
Who are the key figures involved in the latest share purchases at BGIN?
The key figures are Oisin Li, Chairman and co-founder, and Paul Tsang, an independent director.
What shares did Oisin Li and Paul Tsang purchase?
Oisin Li purchased 60,000 Class A ordinary shares, and Paul Tsang purchased 8,100 Class A ordinary shares.
What was the average price per share for these purchases?
Oisin Li's shares were bought at an average price of US$3.7, while Paul Tsang's were at US$2.85 per share.
What does this share purchase indicate about BGIN's future?
The share purchases reflect their confidence in BGIN's long-term prospects and strategic direction in the Bitcoin ecosystem.
How does BGIN plan to support cryptocurrency mining?
BGIN aims to enhance accessibility to crypto mining through innovative products tailored for various users, from beginners to large-scale miners.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
SINGAPORE, Jan. 09, 2026 (GLOBE NEWSWIRE) -- BGIN BLOCKCHAIN LIMITED (“BGIN” or the “Company”; NASDAQ: BGIN), a digital asset technology company with proprietary cryptocurrency mining technologies and a manufacturer of cryptocurrency mining hardware, today announced that the chairman of its board of directors and co-founder of the Company, Oisin Li, and its independent director, Paul Tsang, had purchased additional Class A ordinary shares of the Company in the open market.
Mr. Li acquired an aggregate of 60,000 Class A ordinary shares at an average price of US$3.7 per share and Mr. Tsang acquired an aggregate of 8,100 Class A ordinary shares at an average price of US$2.85 per share. These purchases demonstrate their continued confidence in the Company's long-term prospects.
"My decision to invest further aligns with my strong conviction in BGIN's direction and its long-term potential. We are actively strategizing to become an infrastructure player within the Bitcoin ecosystem," said Oisin Li, Chairman and co-founder of BGIN. "Together with Paul, I see a notable gap between today’s price and the long-term future value I am confident the Company can achieve."
About BGIN BLOCKCHAIN LIMITED
BGIN BLOCKCHAIN LIMITED (NASDAQ: BGIN) is a digital asset technology company with proprietary cryptocurrency-mining technologies that leverages its experience in designing ASIC chips and mining machines to penetrate new cryptocurrency opportunities and execute on a long term strategic focus on self-mining. BGIN’s mission is to make crypto mining accessible to all by developing innovative products tailored to various market needs, from beginners to large-scale industrial miners. BGIN designs and manufactures mining machines under its ICERIVER brand, providing customers with operational flexibility through advanced mining infrastructure and hosting services.
For more information, please visit: www.bgin.com .
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about BGIN’s beliefs, plans, and expectations, are forward-looking statements. Although BGIN believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and BGIN cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results set forth in BGIN’s filings with the U.S. Securities and Exchange Commission (the “SEC”). Additional factors are discussed in BGIN’s filings with the SEC, which are available for review at www.sec.gov. All information provided in this press release is as of the date of this press release, and BGIN does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
BGIN BLOCKCHAIN LIMITED
Investor Relations
[email protected]
Robin Yang
[email protected]
Media Relations
[email protected]
Brad Burgess
[email protected]
