Why did VCIG surge?

The stock price of VCIG has experienced an increase from July 15 to July 21. VCI Global's acquisition of V Capital Fund Management Limited has been a significant catalyst for the surge in VCIG's stock price. This acquisition is expected to facilitate the launch of the VCIG Bitcoin Fund, which is a USD-denominated investment vehicle aimed at providing qualified investors with institutional-grade Bitcoin exposure. The fund is designed to appeal to high-net-worth individuals, family offices, and institutional investors seeking compliant access to digital assets. |code|Ticker|Name|Date|Percentage Change|market_code| |---|---|---|---|---|---| |VCIG|VCIG.O|VCI Global|20250718|7.4413|186| |VCIG|VCIG.O|VCI Global|20250721|-5.7508|186|