HK Construction Giant Ming Shing Enters $483M Agreement to Bitcoin

Highlights:

• Ming Shing to buy 4,250 Bitcoin worth $483M using convertible financial instruments.
• Stock jumps 29% after deal announcement, reflecting investor optimism in crypto strategy.
• More companies are buying Bitcoin and adding it to their treasury reserves.

Hong Kong-based Ming Shing Group revealed plans to acquire 4,250 Bitcoin, valued at approximately $483 million. The company, which is listed on the Nasdaq stock exchange and mainly works in construction jobs like plastering and concrete, has signed a deal with Winning Mission Group, a company registered in the British Virgin Islands.

As part of the agreement, Winning Mission Group will transfer 4,250 Bitcoin to Ming Shing at an average rate of $113,638 per Bitcoin. The transaction is scheduled to finalize by December 31, with Ming Shing using convertible promissory notes and warrants instead of cash for payment.

JUST IN: Hong Kong's publicly traded company Ming Shing Group Holdings Limited ($MSW) is raising $500 million through convertible promissory note to buy 4,250 Bitcoin. pic.twitter.com/mZxGgnFln0

— BitcoinTreasuries.NET (@BTCtreasuries) August 20, 2025

Ming Shing’s $483M Bitcoin Deal Lifts Shares

In this structured deal, Ming Shing will provide convertible promissory notes valued at $241.48 million each to Winning Mission Group Limited and an assignee, Rich Plenty Investment Limited. These notes earn 3% annual interest and will mature in ten years, with an option to convert into shares at $1.20 each.

In addition to the promissory notes, both parties will get warrants to buy about 201 million ordinary shares each at $1.25 per share, valid for 12 years. In Hong Kong and Greater China, Ming Shing joins a few companies holding Bitcoin, including Boyaa Interactive, with 3,350 BTC. “We believe the Bitcoin market is highly liquid and the investment can capture the potential appreciation of Bitcoin and increase the Company’s assets,” CEO of Ming Shing, Wenjin Li, said.

CEO Wenjin Li explained that the Bitcoin purchase could bring benefits if the price rises, while also boosting the company’s assets since Bitcoin is easy to trade in the market. Li emphasized that the company actively seeks new opportunities to expand and consistently delivers more value to its shareholders. After announcing its Bitcoin purchase, Ming Shing’s stock (MSW) soared 29% on Wednesday, closing 11.5% higher at $1.65, according to Yahoo Finance

Ming Shing’s decision comes at a time when more and more public companies are starting to buy Bitcoin. Reports say that almost every day, new companies are announcing plans to keep Bitcoin as part of their reserves. This trend of using Bitcoin in company treasuries has grown quickly since around 2020, when a company called Strategy (recently renamed as Strategy) first started doing it. As of August 2025, Strategy holds over 629,736 BTC worth more than $71 billion.

According to Bitcoin Treasuries data, Ming Shing Group has been holding BTC since January 13, 2025. Right now, the company owns 833 Bitcoin, which is worth about 94.93 million dollars. With this new announcement, Ming Shing has become one of many public companies adding Bitcoin to their business reserves, a trend first made popular by Michael Saylor’s company. Recently, another company called KindlyMD also joined in by buying 5,743.91 BTC through one of its subsidiaries.