Odaily Planet Daily reported that according to the U.S. SEC, the board of directors of Chinese fashion e-commerce platform Mogujie (NYSE: MOGU) approved a strategic asset allocation plan to allocate up to US$20 million of the company's assets to digital currencies, mainly including Bitcoin, Ethereum and Solana, as well as related securities and investment products.

The Board believes that by integrating digital assets into its core assets, the Company will not only diversify its capital reserves but also enhance its operational capabilities to support the next generation of artificial intelligence products and services. The Board has authorized Chairman Chen Qi to determine the timing and amount of digital currency acquisitions.