Zhitong Kechuang (8932) completed its dividend payout in two days, with a market capitalization at one point surpassing FamilyMart.

Zhitong Kechuang completed the dividend filling just two days after the ex-dividend date, fueled by the "Bitcoin Capital Strategy" SORA model igniting buying interest, with a market capitalization once surpassing FamilyMart. (Background: Taiwan's first investment in Bitcoin treasury enterprises) The stock price of Zhitong Kechuang Wiselink hit a historical high. (Additional background: Zhitong Kechuang: Taiwan's first "micro-strategy" enterprise was born. Can the dual engines of Bitcoin + emerging market finance explode growth?) The Taiwanese stock market welcomed a great boom at the end of summer, and Zhitong Kechuang (8932) once again proved that speed is value. The company's stock price fell on the first day of the ex-dividend date but quickly filled the gap within just two trading days, with a market capitalization instantly exceeding FamilyMart (5903), becoming the most watched new star in the market data. Two-day filling: from the ex-dividend low point to a new market capitalization high Zhitong Kechuang entered the ex-dividend process in early August, and the market originally expected that filling would take at least a week. However, although the closing price on the first day dropped due to cash dividend adjustments, it quickly filled the gap within the following two trading days, with trading volume simultaneously increasing, indicating a strong buying attitude. Senior traders pointed out that investors "are willing to exchange future growth for a higher price," which is the core reason driving the stock price back to the reference price. Compared to the rapid filling record in 2023, this time it has been further interpreted by the market, with the market interpreting the reason being Zhitong's official launch of the "Bitcoin Capital Strategy" in early August. Against this backdrop, the price adjustment on the ex-dividend date was seen as a good entry opportunity, bringing in both short-term and long-term capital, creating a quick filling effect of the price gap. Bitcoin Capital Strategy: The catalyst behind the filling The so-called "Bitcoin Capital Strategy" simply means diverting part of the surplus towards investments related to encrypted assets. Zhitong Kechuang chooses to invest in the international Web3 company SORA (Asia strategy) in the form of convertible bonds, embedding a mechanism that can attack and defend into its financial structure. If the Web3 industry thrives, they can convert shares to share in the appreciation; if the market is against the wind, they can retain creditor status and receive fixed interest. This is different from directly holding Bitcoin on the balance sheet, with a risk model leaning more towards "defensive with appreciation options." The design of SORA's convertible bonds allows Zhitong Kechuang to demonstrate a posture of "holding both shield and spear" in the capital market. When the Web3 valuation rises, the conversion price difference is expected to become a source of non-recurring income for the company; if the valuation declines, the bond interest and repayment priority reduce the risk of loss. Related reports Is there bottom-fishing capital for Bitcoin currently? The resistance above 116K remains strong (Mr. Berg's on-chain weekly report #41) Will the German government confiscate another 5 billion dollars in Bitcoin, and will they sell this time? The article "Zhitong Kechuang (8932) completed the filling in two days, and the market capitalization once surpassed FamilyMart" was first published in BlockTempo, the most influential blockchain news media.