HK Asia Holdings Acquires Additional 10 BTC, Total Holdings Reach 18.88 BTC

Highlights:

• HK Asia Holdings bought 10 BTC, raising its total to 18.88 BTC, worth $858K.
• The company sees Bitcoin as protection against fiat currency loss.
• It disclosed the purchase as required by HKEX rules for transparency.

Hong Kong-based HK Asia Holdings recently expanded its Bitcoin (BTC) holdings, acquiring an additional 10 BTC, bringing the total to 18.88 BTC. This purchase, valued at around $858,581, was funded through the company’s internal cash reserves and executed in the open market.

https://t.co/Dp4J6tzliw now holds 18.88 BTC. The Board is pleased to announce this week's purchase of 10 BTC, furthering the company's asset allocation strategy. pic.twitter.com/9eBKYE5mnu

— 1723.HK (@MoonIncHK) March 21, 2025

The Hong Kong-based investment holding company issued a formal announcement following its latest Bitcoin acquisition. The company cited Bitcoin’s potential as a safeguard against the depreciation of fiat currencies as a key factor in its decision to invest.

HK Asia highlighted global economic uncertainty and inflation concerns and emphasized Bitcoin’s role as a reliable store of value. The company also mentioned the increasing use of cryptocurrencies in investment strategies. This supports its decision to buy more Bitcoin.

The statement reads:

“The Board believes that the Bitcoin Acquisitions are symbolic in scale, and mark a significant step toward aligning with the evolving global financial landscape, and would diversify the Group’s investment portfolio and enhance its asset value.”

HK Asia Holdings Discloses Bitcoin Purchase Under HKEX Rules

HK Asia Holdings’ recent Bitcoin acquisition aligns with the Hong Kong Stock Exchange’s (HKEX) Listing Rules. These rules require companies to disclose certain transactions based on their size relative to the company’s assets. To determine if their Bitcoin purchases required disclosure, HK Asia Holdings combined their latest acquisition with previous ones from the past 12 months.

The total value of these purchases was more than 5% but less than 25% of the company’s assets. According to HKEX rules, transactions within this range are classified as “discloseable transactions,” necessitating public announcement.

This process ensures transparency and keeps shareholders updated on key financial activities. The companies disclose purchases through stock exchange filings, which investors and the public can access. They may also share the information on its official website, particularly in the investor relations section, or issue a press release.

HK Asia Holdings’ Bitcoin Strategy and Growth

HK Asia bought its first Bitcoin on February 13, purchasing 1 BTC for about $96K. This small investment showed the company’s plan to adopt digital assets. Soon after its first Bitcoin purchase, HK Asia’s stock jumped nearly 93% on February 17. This showed that investors supported the company’s move into cryptocurrency.

On February 20, HK Asia Holdings increased its Bitcoin holdings by purchasing 7.88 BTC for around $761K. This raised the company’s total Bitcoin reserves to 8.88 BTC, with each Bitcoin valued at about $97K. By February 24, the company’s shares had risen approximately 5.7%, reaching 6.66 Hong Kong dollars (around $0.86). The company made its latest Bitcoin acquisition on March 20, purchasing 10 BTC for $858.5K. This purchase doubled the company’s Bitcoin holdings, increasing the total to 18.88 BTC.

Investors support adding digital assets to portfolios because company stock prices often rise when they invest in Bitcoin. Companies like Metaplanet Inc. and Strategy saw their stock prices rise after buying Bitcoin.