HK Asia Holdings made its first Bitcoin (BTC) purchase in what it described as a symbolic but strategic switch to the integration of digital assets in its financial strategy.
The Hong Kong-Genter company bought 1 BTC on 13 February for $ 96,150-accident HK $ 750,000 with the help of internal funds. Although the transaction remains small in a small scale, the company has prepared it as a crucial step in tuning for the developing financial landscape.
The announcement ensured that the company’s share price rose 92.98% to close the day at HK $ 5.50.
The purchase comes days after a large leadership overhaul. A consortium led by Utxo Management, Sora Ventures, Top Legend SPC and Allied Top Investments recently took a majority stake in the company.
The company also appointed new board members, including David Bailey and John Riggins from BTC Inc. and co-founder of Sora Ventures Jason Fang.
Riggins said:
“This Bitcoin purchase is more than a transaction; It is a daring step in the direction of creating a vision for the future of the company. “
HK Asia Holdings said that the acquisition meets listing rules that prevent large transactions during the company’s general offering period, so that all applicable percentage of ratios remain below the 5% threshold that is required for HKEX -All -Representatives.
Despite its small size, the investments means a strategy shift among the new leadership, which aims to explore Bitcoin investments, web3 opportunities and financial innovation.
Fang said:
“Every journey starts with a single step. This first Bitcoin purchase indicates a clear route map for what will come in the coming months. “
The company pointed to the rising institutional acceptance of Bitcoin, global economic uncertainty and concern about the depreciation of Fiatuututa as factors that support the investment.
The new owners, including Utxo Management and Sora Ventures, played a key role in Metaplanet, Japanese, often referred to as “Asia’s micro strategy” for his bitcoin-oriented strategy.
Although HK Asia Holdings has not announced any further plans for digital assets acquisitions, the new leadership said that it is committed to evaluating the role of digital assets in the financial future of the company.
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