An investment company based in Hong Kong joined many companies that integrate Bitcoin In its public budgets, part of the company’s cabinet turned into an encrypted currency.
HK Asia Holdings announced that it has expanded Bitcoin Reserve After approving the newly formed council on the acquisition.
Buy more bitcoin
In the X Publishing, HK Asia Holdings revealed that it acquired 10 additional bitcoin currencies worth about $ 858,581, raising the total BTC to 18.88 coins.
“The Board of Directors is pleased to announce the purchase of 10 BTC for this week, which enhances the strategy of allocating the company’s assets.”
The group said in the disclosed transaction that it “has already acquired a total of about 18.88 units of bitcoin for the total view of about 1720,157.41 dollars.”
https://t.co/dp4j6tzliw It now holds 18.88 BTC. The Board of Directors is pleased to announce the purchase of 10 BTC for this week, which enhances the company’s assets allocating. pic.twitter.com/9bkye5mnu
1723.hk (mooninchk) March 21, 2025
The purchase indicates that the Holding Company for Asian Investment sees the virgin cryptocurrency as a value store and a way to combat the low value of the Fiat currency. Hong Kong Asia about It revealed the acquisition of the BTC although the Hong Kong Exchange does not require such an examination. It can be noted that after its initial acquisition, the company’s share price doubled, while the company’s shares increased by 5.7 % on February 24.
Asset customization strategy
Bitcoin’s acquisition is the third cryptocurrency investment in HK Asia Holdings for more than a month. The company explained that the coding acquisitions are part of the “assets assets strategy”, as the company allocates part of its treasury in cryptocurrencies, which can serve as a form of diversification to contract money in the treasury management.
HK Asia Holdings has witnessed an opportunity to increase the popularity of encrypted currencies in the commercial world, as companies benefited from cryptocurrencies to become part of their investment portfolios, such as Bitcoin.
The company said: “The Board of Directors believes that there is still room for encrypted work in general, including for Bitcoin as a reliable store in terms of value that is one of the longest place and the largest encrypted currencies in terms of market value, to estimate value,” the company said.
The group noted that the board of directors noted that the prices of cryptocurrencies are very volatile, and therefore the Board of Directors decided to invest in Bitcoin because it is the largest cryptocurrency according to the market value. The group said that the acquisition of bitcoin will enhance the value of the share in the long run.
The Holding Company for Investment said: “The Board of Directors believes that bitcoin acquisitions are symbolic in size, and it is distinguished by an important step towards compatibility with the advanced global financial scene, and it will diversify the investment portfolio in the group and enhance the value of its assets.”
The investment step, according to the Council, shows that the company has “vision and design to adopt technological development, and thus prepare its invasion in the Blockchain industry.”
HK Asia Holdings carried out its first acquisition on February 13, 2025, after the company bought 1 BTC for $ 96,000 at the time.
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