The investment holding company based in Hong Kong has joined many companies that turn on Bitcoin In their balances, transforming part of the company’s treasury into cryptocurrency.
HK Asia Holdings announced that he has expanded his own Bitcoin reserve After the newly created board approved the takeover.
Buying more bitcoins
WX Post HK Asia Holdings revealed that he had purchased an additional 10 Bitcoins worth about USD 858,581, increasing the total BTC from 18.88 coins.
“The Council is pleased to announce the purchase of 10 BTC this week, which is the strategy of the company’s assets allocation,” said Holdings.
The group said that in a transaction that can be disclosed, that “they had already purchased about 18.88 Bitcoin units in total for aggregate consideration of about USD 1,720 157.41 USD”.
https://t.co/dp4j6tzliwli Now it has 18.88 BTC. The Council is pleased to announce the purchase of 10 BTC this week, which is the strategy of the company’s assets allocation. pic.twitter.com/9ebkye5mnu
– 1723.hk (@mooninchk) March 21, 2025
The purchase indicates that the Asian Holding Spółka investment perceives the first -born cryptocurrency as a warehouse for values and how to fight Fiduat currency depreciation. HK Asia Holdings He revealed the takeover of BTC, although the Hong Kong Stock Exchange did not require such disclosure. It can be reminded that after the initial takeover of Bitcoin, the company’s shares almost doubled, while the company’s shares increased by 5.7% 24 February.
Asset allocation strategy
The takeover of Bitcoin has been the third Cryptocurrency investment of HK Asia Holdings for over a month. The company explained that the acquisitions of cryptocurrencies are part of the “group’s allocation strategy”, in which the company allocates part of its treasury in cryptocurrencies, which can serve as a form of diversification of cash in treasure management.
The Management Board of HK Asia Holdings has seen the opportunity in the growing popularity of cryptocurrencies in the commercial world, and companies knock on cryptocurrencies to become part of their investment portfolios such as Bitcoin.
“The Council believes that there is still a place for cryptocurrencies, including for Bitcoins as a reliable value warehouse, which is one of the longest and largest cryptocurrencies in terms of market capitalization to appreciate the value,” said the company.
The group noticed that the management noticed that cryptocurrency prices are very unstable, hence the management decided to invest in bitcoins, because it is the largest cryptocurrency according to market capitalization. The group said that the takeover of Bitcoin will escalate the value of the shareholder in the long term.
“The Council believes that Bitcoin’s acquisitions are symbolic in terms of scale and mean a significant step towards adapting to the evolving global financial landscape and diversifies the group’s investment portfolio and will increase its value of assets,” said an investment holder.
According to the management board, the Investment Movement shows that the company has “vision and determination to adopt technological evolution, and thus prepare its trip to the blockchain industry.”
HK Asia Holdings first took the cryptographic acquisition on February 13, 2025, after the company then bought 1 BTC worth USD 96,000.
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