Tian Ruixiang to acquire $1.1B in Bitcoin, launch AI-crypto lab
4 Investments Tian Ruixiang Holdings will acquire 15,000 Bitcoin via a share swap, forming a strategic AI and crypto partnership. Timing and custody details are yet to be revealed.
Tian Ruixiang Holdings Ltd (Nasdaq: TIRX), a US-listed insurance brokerage, has announced a strategic agreement to acquire up to 15,000 Bitcoin—valued at approximately $1.1 billion—through a share swap with an undisclosed global digital asset investor. In exchange for a portion of TIRX shares, the investor will transfer the Bitcoin to the company. The agreement also outlines a broad strategic partnership focused on artificial intelligence and cryptocurrency initiatives. This includes the creation of a joint innovation laboratory to develop AI-powered trading and risk management tools, blockchain infrastructure solutions, decentralized applications (dApps), and products related to Layer-2 networks, DeFi, and NFTs. Details regarding the transaction’s timing, custody arrangements, and final payment or delivery mechanisms have not been disclosed. If completed, the deal would position Tian Ruixiang among the largest public company holders of Bitcoin globally.
