{"id":13724,"date":"2025-02-18T16:17:32","date_gmt":"2025-02-18T16:17:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13724"},"modified":"2025-02-18T16:17:32","modified_gmt":"2025-02-18T16:17:32","slug":"hk-asia-holdings-buys-one-bitcoin-and-its-stocks-surge-by-over-90-will-btc-bull-explode","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13724","title":{"rendered":"HK Asia Holdings Buys One Bitcoin and Its Stocks Surge by Over 90%. Will BTC Bull Explode?"},"content":{"rendered":"<div>\n<p>HK Asia Holdings announced the purchase of one Bitcoin on February 13, calling this investment \u201csymbolic in scale.\u201d Following the public announcement, the company\u2019s stocks surged by 93% between February 13 and 17.<\/p>\n<p>This increase catapulted the stock to 5.50 HKD (Hong Kong Dollars) which is the equivalent of $0.71. While the price has fluctuated since, it still maintains around 4.50 HKD at the time of writing this article.<\/p>\n<p>HK Asia Holding has joined a growing trend of public and governmental Bitcoin investors that have put their trust in the crypto market. This is potentially bullish for projects like <a href=\"http:\/\/bitcoinist.com\/visit\/btcbulltoken\">BTC Bull<\/a> which aims to capitalize on Bitcoin\u2019s bull run.<\/p>\n<h2>Countries and Firms Adopt Bitcoin at a Large Scale<\/h2>\n<p>El Salvador was the first country to adopt Bitcoin as a legal tender on 21st of June, 2024, followed by the Central African Republic in 2022 (CAR eventually <a href=\"https:\/\/www.thestreet.com\/crypto\/policy\/central-african-republic-bitcoin\" rel=\"nofollow noopener\" target=\"_blank\">overturned the decision<\/a> in 2023).<\/p>\n<p>Numerous countries have also included BTC among their treasury assets.<\/p>\n<p><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" class=\"size-medium wp-image-401058 aligncenter\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image2_94ec9c.png?w=640&amp;resize=640%2C123\" alt=\"El Salvador exceeds 6000 BTC\" width=\"640\" height=\"123\" srcset=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image2_94ec9c.png?w=643 643w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image2_94ec9c.png?w=640 640w\" sizes=\"(max-width: 640px) 100vw, 640px\"><\/p>\n<p>As of January, 2025, governments around the globe hold up to <a href=\"https:\/\/droomdroom.com\/top-governments-with-highest-bitcoin-holdings\/\" rel=\"nofollow noopener\" target=\"_blank\">2.5% of Bitcoin\u2019s total supply<\/a> (471,000 BTC). The exact number of countries with Bitcoin investments is difficult to approximate, but some notable examples include:<\/p>\n<ul>\n<li aria-level=\"1\"><b>The US<\/b>: 200K BTC worth $21.28B, making the US the largest and most influential government in the crypto space.<\/li>\n<li aria-level=\"1\"><b>China<\/b>: 194K BTC worth $19.92B, acquired from mining and seizing the assets of PlusToken following the dismantle of its Ponzi Scheme.<\/li>\n<li aria-level=\"1\"><b>UK<\/b>: 61K BTC worth $6.26B coming through seizures from fraud and money laundering operations.<\/li>\n<li aria-level=\"1\"><b>Ukraine<\/b>: 46k BTC worth $4.85B from <a href=\"https:\/\/www.elliptic.co\/blog\/analysis\/crypto-donations-to-ukraine-and-russia-breaking-down-the-numbers\" rel=\"nofollow noopener\" target=\"_blank\">public donations<\/a> during its ongoing war.<\/li>\n<li aria-level=\"1\"><b>Finland<\/b>: 1.9K BTK worth $207M with many of the assets coming from narcotics operations.<\/li>\n<\/ul>\n<p>A growing number of public institutions and firms have also <a href=\"https:\/\/bitcointreasuries.net\/\" rel=\"nofollow noopener\" target=\"_blank\">added Bitcoin to their portfolio<\/a> over the years.<\/p>\n<p><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" class=\"size-medium wp-image-401060 aligncenter\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image5_0d736d.png?w=640&amp;resize=640%2C224\" alt=\"BTC in treasuries\" width=\"640\" height=\"224\" srcset=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image5_0d736d.png?w=937 937w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image5_0d736d.png?w=640 640w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image5_0d736d.png?w=768 768w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image5_0d736d.png?w=750 750w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\"><\/p>\n<p>The American KULR Technology Group, INC. launched a Bitcoin treasury in December, 2024, with a purchase of 217.18 BTC ($21M). The company doubled down on January 6, 2025, <a href=\"https:\/\/www.kulrtechnology.com\/kulr-increases-bitcoin-purchases-to-42-million-reports-93-7-btc-yield\/\" rel=\"nofollow noopener\" target=\"_blank\">increasing its BTC reserves to $42M<\/a>.<\/p>\n<p>Rumble is another high-profile player that announced its first Bitcoin purchase just before Trump\u2019s official inauguration on January 20.<\/p>\n<p><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" class=\"size-medium wp-image-401062 aligncenter\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image4_60ddee.png?w=546&amp;resize=546%2C187\" alt=\"Rumble RUM purchased BTC\" width=\"546\" height=\"187\"><\/p>\n<p>However, not all Bitcoin investments have led to stock increases for investors. Lead Benefit, a subsidiary of Hong-Kong-based Ming Shing Holdings, has announced a 500 BTC purchase ($47M) in January, 2025. Despite this, the company\u2019s stocks have declined by almost 40% since.<\/p>\n<p>Strategy (former MicroStrategy) also saw immense success in this sphere, after it formed a reserve of 478K BTC, purchased at an average price of $65K, which took the company\u2019s market cap to $85B. Other companies have tried to replicate this success, but lacked the proficiency required to work with BTC-based derivatives.<\/p>\n<h2>US States Push Bills to Diversify State Treasury with Bitcoin and Gold<\/h2>\n<p>The 2025 <a href=\"https:\/\/www.wvlegislature.gov\/Bill_Status\/bills_text.cfm?billdoc=sb465%20intr.htm&amp;yr=2025&amp;sesstype=RS&amp;i=465\" rel=\"nofollow noopener\" target=\"_blank\">Inflation Protection Act<\/a> would allow the addition of crypto and precious metals to the state treasury. Utah has also taken important steps in this direction through its <a href=\"https:\/\/le.utah.gov\/~2025\/bills\/static\/HB0230.html\" rel=\"nofollow noopener\" target=\"_blank\">bill HB230<\/a>, with Dennis Porter announcing that the bill has moved onto the Utah Senate.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-401066 aligncenter\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image3_6f936f.png?w=390&amp;resize=390%2C420\" alt=\"Dennis Porter announces Utah strategic BTC reserve\" width=\"390\" height=\"420\" srcset=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image3_6f936f.png?w=544 544w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image3_6f936f.png?w=390 390w\" sizes=\"auto, (max-width: 390px) 100vw, 390px\"><\/p>\n<p>Arizona\u2019s Strategic Bitcoin Reserve Act also went into the Senate for approval, mirrored by Kentucky, whose bill aims to move 10% of state funds into cryptos.<\/p>\n<p>Numerous other US states consider diversifying their digital asset pool, including Ohio, New Hampshire, Pennsylvania, Texas, and Massachusetts.<\/p>\n<p>This growing trend shows that public and governmental institutions now understand Bitcoin\u2019s value and try to capitalize on it. Some upcoming crypto projects have adopted a similar strategy.<\/p>\n<h2>BTC Bull Token Supports Bitcoin\u2019s Road to a $5.2T Market Valuation<\/h2>\n<p><a href=\"http:\/\/bitcoinist.com\/visit\/btcbulltoken\">BTC Bull Token ($BTCBULL)<\/a> is an early crypto project whose foundation rests on Bitcoin\u2019s bull trend. The platform offers new investment opportunities by rewarding holders with Bitcoin airdrops, making this one of the best altcoins available. This means that the more successful BTC becomes, the likelier it is that BTC Bull will follow suit.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-401070 aligncenter\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image1_cda32c.png?w=640&amp;resize=640%2C87\" alt=\"BTC Bull Token roadmap\" width=\"640\" height=\"87\" srcset=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image1_cda32c.png?w=1071 1071w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image1_cda32c.png?w=640 640w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image1_cda32c.png?w=768 768w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image1_cda32c.png?w=980 980w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/image1_cda32c.png?w=750 750w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\"><\/p>\n<p>Holders will receive BTC airdrops when Bitcoin\u2019s price reaches its $150K and $200K milestones, followed by a massive $BTCBULL airdrop at the $250K mark. This is only an option for hodlers using <a href=\"https:\/\/bestwallettoken.com\/en?clickId=fx_b141688_a28295f0f4533089fa7c9f3198507932_1\" rel=\"nofollow noopener\" target=\"_blank\">Best Wallet<\/a>.<\/p>\n<p>$BTCBULL currently has one of the <a href=\"https:\/\/bitcoinist.com\/best-crypto-presales-to-invest-in\/\">best presales<\/a> after accumulating over $2.1M over the course of several days.<\/p>\n<h2>BTC Bull Token Enjoys Massive Community Approval<\/h2>\n<p>HK Asia Holding\u2019s BTC investment is just the latest entry in a long line of companies adopting and diversifying their crypto portfolios. Japan\u2019s Metaplanet also currently holds 2K BTC, valued at $194M, which caused the company\u2019s stock to climb over 3.900% during 2024.<\/p>\n<p>The new crypto project is currently seeing considerable community approval, which is evident from how well the presale is going. The total staking pool has amassed over 540M tokens with an APY of 194%.<\/p>\n<p>Part of the project\u2019s appeal also comes from its long-term token burn system. For every 25K that Bitcoin adds to its price, BTC Bull burns a percentage of its total supply. This creates upwards price pressure, linking $BTCBULL\u2019s price evaluation to that of Bitcoin.<\/p>\n<p>This does not constitute financial advice. Always DYOR (Do Your Own Research) before investing to minimize risks, and remember to never invest more than you can afford to lose.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>HK Asia Holdings announced the purchase of one Bitcoin on February 13, calling this investment \u201csymbolic in scale.\u201d Following the public announcement, the company\u2019s stocks surged by 93% between February 13 and 17. This increase catapulted the stock to 5.50 HKD (Hong Kong Dollars) which is the equivalent of $0.71. While the price has fluctuated [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13724","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13724"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13724\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}