Cable Television Operator Da Feng Dian (6184) Announces Bitcoin as Long-Term Reserve Asset
On the evening of August 13, cable television operator Da Feng Dian (6184) announced that it would officially include Bitcoin as a long-term reserve asset, making it the first company in Taiwan to declare a Bitcoin reserve plan. This marks the beginning of a new chapter for listed companies embracing digital assets.
(Background Context: The cryptocurrency market has surged to a historical high of 4.18 trillion USD! Bitcoin accounts for 57%, while Ethereum takes 13%.)
(Additional Background: Reports from Taiwan’s community indicate a disaster with fund withdrawals, leading several exchanges to remain silent, prompting social media calls to “avoid using Taiwanese exchanges.”)
On the evening of August 13, Taiwan time, the board of directors of Da Feng Dian passed a rare resolution to include Bitcoin as a long-term reserve asset. This is the first time a listed company in Taiwan has incorporated cryptocurrency into its financial strategy. If the stock price is positively impacted when trading opens on August 14, it could potentially lead to a new trend in digital asset management among Taiwanese publicly listed companies.
Update: Da Feng Dian (6184) Hits Daily Limit-Up on August 14 Trading
Note: While Da Feng Dian (6184) is the first company in Taiwan to announce a Bitcoin reserve plan, the first company to officially implement a “Bitcoin Capital Strategy + Cross-Border Finance” is Zhiyun Technology Co., Ltd. (8932).
Transition from Cash to Bitcoin
In the current global environment marked by persistent inflation and fluctuating interest rates, companies holding cash must consider the risks of purchasing power erosion. The Da Feng Dian board has now chosen to diversify its cash pressure by including Bitcoin and has established a “Digital Asset Committee” on the same day, convened by director Dai Yonghui. This committee will bring together teams in risk management, legal affairs, cybersecurity, and strategy to closely monitor volatility, storage security, and information disclosure rhythm. A company spokesperson emphasized:
“Incorporating Bitcoin as a long-term asset is an important step for us to embrace the wave of the digital economy.” He also mentioned that the investment amount will be separated from daily operating funds to ensure that core businesses such as the internet and bandwidth remain unaffected.
Demonstration Effect: What to Watch in the Capital Market
It is still unclear how much capital Da Feng Dian will invest; however, another key focus for the market is whether this move can inspire more listed companies in Taiwan to replicate similar strategies. Previously, a securities analyst pointed out that if regulatory bodies subsequently provide clear guidelines on accounting classification, tax regulations, and information disclosure, the cost for companies to evaluate investing in cryptocurrencies would decrease, potentially leading asset diversification into a new phase. However, he also cautioned that the volatility of crypto assets is high, and companies need sufficient risk tolerance, as well as educating investors on the potential seasonal impacts of crypto assets on financial reports.
More intuitively, if the Taiwan stock market opens on August 14 and inspires Da Feng Dian’s stock price to soar, it is believed that more listed companies will be eager to explore investments in Bitcoin.
About Da Feng Dian
Da Feng Cable Television Co., Ltd. was established in March 1996 and was listed on February 15, 2005. Its main business includes:
- Operating cable television systems in areas such as Banqiao, Tucheng, and Zhonghe in New Taipei City, later acquiring and expanding to become one of the largest CATV operators in New Taipei City.
- Providing analog and digital television channels, including content related to public welfare, finance, entertainment, movies, news, cartoons, and sports.
- Designing, manufacturing, and repairing television receivers and transmitters, and selling related set-top boxes, smart cards, equipment, and materials.
- Promoting broadband internet services, with diverse revenue sources from channel leasing, advertising income, and fiber optic circuit rentals.
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