A Hong Kong-based investment company has joined many companies integrating Bitcoin in their balance sheets and transforms part of the company’s tax chamber into Cryptocurrency.
HK Asia Holdings announced that it extended its Bitcoin reserve Following its newly formed board, the acquisition approved.
To buy more bitcoins
In an X -post, HK Asia Holdings revealed that it acquired another 10 Bitcoins worth approximately $ 858,581, which raised its total BTC holding to 18.88 coins.
“The Board is pleased to announce this week’s purchase of 10 BTC, which promotes the company’s asset allocation strategy,” said Holdings Company.
The group said in the revealable transaction that it has already “acquired a total of approximately 18.88 units Bitcoin for a total consideration of approximately $ 1,720,17.41.”
https://t.co/dp4j6tzliw Now has 18.88 BTC. The Board is pleased to announce this week’s purchase of 10 BTC, which promotes the company’s asset allocation strategy. pic.twitter.com/9ebkye5mnu
– 1723.hk (@mooninchk) March 21, 2025
The purchase indicates that the Asian investment company sees the first -born Cryptocurrency as a store with value and a way to fight Fiat currency depreciation. HK Asia Holdings The BTC revealed, even though the Hong Kong Stock Exchange does not require such disclosure. It may be recalled that the company’s share price almost doubled after its first bitcoin acquisition, while the company’s shares rose by 5.7% on February 24.
Asset allocation strategy
The Bitcoin acquisition is the third Cryptocurrency investment in HK Asia Holdings in over a month. The company explained that crypto acquisitions are part of the “group’s asset allocation strategy” where the company distributes part of its tax chamber in Cryptocurrencies that can serve as a form of diversification to keep cash in the financial administration.
HK Asia Holding’s Board of Directors saw an opportunity in the increasing popularity of Cryptocurrencies in the commercial world, with companies that exploit Cryptocurrencies to become part of their investment portfolios, such as Bitcoin.
“The Board considers that there is still room for cryptocorate in general, including that for Bitcoin as a reliable value store that is one of the longest and the largest crypto prices in terms of market value, to appreciate in value,” the company said.
The group pointed out that the Board found that Cryptocurrency prices are very volatile, which is why the Board decided to invest in Bitcoin as it is the largest Cryptocurrency through market value. The group said that the Bitcoin acquisition will improve the shareholder’s value in the long term.
“The Board considers that Bitcoin acquisitions are symbolic in scale and marks a significant step towards adapting to the developing global financial landscape and would diversify the group’s investment portfolio and improve its asset value,” the investment company said.
According to the Board, the investment movement shows that the company has the “vision and determination to embrace technological development and thus prepare its transfer to the blockchain industry.”
HK Asia Holdings made its first crypto acquisition on February 13, 2025, after the company bought 1 BTC worth $ 96,000 at that time.
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