YY Group Holdings adopts bitcoin as treasury reserve asset

YY Group Holdings (NASDAQ: YYGH) announced the adoption of a corporate treasury strategy that includes holding bitcoin as a primary reserve asset on its balance sheet. The company will allocate a portion of its excess cash reserves to bitcoin, which will be held as a long-term treasury asset with a multi-year time horizon.

The Singapore-based company operates across 12 countries with more than 500,000 members worldwide. Chief Executive Officer Mike Fu stated that the company views bitcoin as a durable, scarce digital asset that complements its long-term capital strategy and provides enhanced global market access.

The board of directors and executive leadership team conducted a comprehensive review of treasury management alternatives before approving the initiative. The company cited bitcoin's fixed supply of 21 million coins, diversification benefits beyond traditional cash holdings, and global liquidity as strategic advantages.

YY Group Holdings will implement the strategy through phased purchases over time to manage price volatility, using institutional-grade custody solutions and internal risk controls with board-level oversight. The company will comply with U.S. GAAP and SEC requirements for disclosure of material bitcoin holdings in quarterly and annual financial reports.

Chief Financial Officer Jason Phua stated that the bitcoin treasury strategy will not impact operational capital allocation priorities. The company will continue to prioritize investments in core business operations, strategic acquisitions, and organic growth initiatives.

YY Group Holdings provides workforce solutions and integrated facility management services. The information is based on a company press release statement.

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