A Hong Kong -based Investment Holding Company has joined many companies, including Bitcoin In his balance sheets, he transforms some of the company’s treasury into a crypto currency.
HK Asya Holdings announced that it has expanded. Bitcoin reserve After approved the purchase of the newly established committee.
Buying more Bitcoin
In an X pole, HK Asia Holdings announced that it has received an additional 10 Bitcoin worth $ 858.581, increasing its total BTC grip of 18.88 coins.
“The Board is pleased to bring the company’s asset allocation strategy even further by buying 10 BTC this week,” Holdings Company said.
The group said that “approximately $ 1,720,157,41 has received a total of 18.88 units of Bitcoin for total evaluation of $ 1,720,157,41.
https://t.co/dp4j6tzliw Now 18.88 BTC. The Board is pleased to announce that the company’s strategy of asset allocation strategy is purchasing 10 BTC this week. pic.twitter.com/9ebye5mnu
– 1723.HK (@mooninchk) March 21, 2025
The purchase shows that Asian Investment Holding considers the first born crypto currency as a way to combat a value tank and fiat money depreciation. HK Asya Holdings Hong Kong announced the purchase of BTC in spite of the Stock Exchange of Securities, although he did not need such an explanation. After the first Bitcoin purchase, it can be remembered that the company’s stock price increased almost doubled and the shares of the company increased by 5.7% on February 24th.
Asset Allocation Strategy
Bitcoin acquisition is the third crypto currency investment of HK Asia Holdings for more than a month. The company has announced that crypto purchases are part of the “Group’s Asset Allocation Strategy, and that the company has allocated some of the treasury in crypto currencies, which will be able to serve as a diversity to obtain cash in Treasury management.
The HK Asia Holdings Board saw an opportunity in the increasing popularity of crypto currencies in the commercial world, and companies made crypto currencies a part of investment portfolios such as Bitcoin.
“The Board believes that there is still a place for crypto currencies in general, including Bitcoin, including the longest standing and one of the largest crypto currencies in terms of market value, including appreciation as a reliable value store.” He said.
The group stated that the Crypto currency prices of the Board observed that prices are quite variable, so the Board decided to invest in Bitcoin because it is the largest crypto currency with its market value. The group said that Bitcoin intake will increase the value of the shareholder in the long run.
“The Board believes that Bitcoin purchases are scales and points to an important step towards adapting to the developing global financial landscape and will diversify the investment portfolio and increase the asset value.
According to the Board, the investment movement shows that the company has prepared its vision and determination to adopt technological evolution and thus the raid for the Blockchain industry ”.
HK Asia Holdings, the company at the time after purchasing 1 BTC worth $ 96,000 on February 13, 2025, the first crypto purchase.
The prominent picture from Pexels, tradingView graphics
Editorial process Bitcoinist has been thoroughly investigated and focused on providing accurate and impartial content. We maintain solid welding standards and each page is subject to an diligent examination by our best technology experts and experienced editors team. This process provides the integrity, relevance and value of our content for our readers.
