![](https://i.imgur.com/CLvY2jA.png")
22-09-2022, 08:25 AM
Bloomberg
Wed, Sep 21, 2022 • 12:15 PM GMT+08
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Chinese crypto billionaire Jihan Wu is expanding into the physical asset space.
Wu’s Bitdeer Technologies Holding Co. spent $40 million buying Le Freeport, a maximum-security vault in Singapore
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Dubbed Asia’s Fort Knox, Wu acquired the repository for fine art, precious gems, and gold and silver bars, from shareholders led by Swiss art dealer and founder Yves Bouvier
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The price Wu paid represents a sharp discount to the $100 million it cost to build the facility.
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About three-quarters of the total price went to creditors including DBS Group Holdings Ltd
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After repaying debt and costs, Bouvier, who held 70% of Freeport, got about $5 million from the sale, together with other shareholders.
https://www.theedgesingapore.com/news/cr...-singapore
Wed, Sep 21, 2022 • 12:15 PM GMT+08
......
Chinese crypto billionaire Jihan Wu is expanding into the physical asset space.
Wu’s Bitdeer Technologies Holding Co. spent $40 million buying Le Freeport, a maximum-security vault in Singapore
......
Dubbed Asia’s Fort Knox, Wu acquired the repository for fine art, precious gems, and gold and silver bars, from shareholders led by Swiss art dealer and founder Yves Bouvier
......
The price Wu paid represents a sharp discount to the $100 million it cost to build the facility.
......
About three-quarters of the total price went to creditors including DBS Group Holdings Ltd
......
After repaying debt and costs, Bouvier, who held 70% of Freeport, got about $5 million from the sale, together with other shareholders.
https://www.theedgesingapore.com/news/cr...-singapore
