{"id":18652,"date":"2025-03-23T14:01:32","date_gmt":"2025-03-23T14:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18652"},"modified":"2025-03-23T14:01:32","modified_gmt":"2025-03-23T14:01:32","slug":"bitcoin-stack-grows-hong-kong-firm-now-holds-19-btc","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18652","title":{"rendered":"Bitcoin Stack Grows: Hong Kong Firm Now Holds 19 BTC"},"content":{"rendered":"
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A Hong Kong-based investment holding company has joined many firms that are incorporating Bitcoin<\/a> in their balance sheets, turning part of the company\u2019s treasury into cryptocurrency.<\/p>\n

HK Asia Holdings announced that it expanded its Bitcoin reserve<\/a> after its newly formed board approved the acquisition.<\/p>\n

Buying More Bitcoins<\/strong><\/h2>\n

In an X post, HK Asia Holdings revealed that it acquired an additional 10 Bitcoins worth around $858,581, raising its total BTC holding to 18.88 coins. <\/p>\n

\n\u201cThe Board is pleased to announce this week\u2019s purchase of 10 BTC, furthering the company\u2019s asset allocation strategy,\u201d the holdings company said.\n<\/p><\/blockquote>\n

The Group said in the discloseable transaction it has already \u201cacquired a total of approximately 18.88 units of Bitcoin for an aggregate consideration of approximately $1,720,157.41.\u201d<\/p>\n

\n

https:\/\/t.co\/Dp4J6tzliw<\/a> now holds 18.88 BTC. The Board is pleased to announce this week\u2019s purchase of 10 BTC, furthering the company\u2019s asset allocation strategy. pic.twitter.com\/9eBKYE5mnu<\/a><\/p>\n

\u2014 1723.HK (@MoonIncHK) March 21, 2025<\/a><\/p>\n<\/blockquote>\n

\"\"<\/p>\n

The purchase indicates that the Asian investment holding company sees the firstborn cryptocurrency as a store of value and a way to fight fiat currency depreciation. HK Asia Holdings<\/a> disclosed the BTC acquisition despite the Hong Kong Stock Exchange not requiring such disclosure. It can be recalled that after its initial Bitcoin acquisition, the company\u2019s stock price almost doubled, while the firm\u2019s shares soared by 5.7% on February 24.<\/p>\n

Asset Allocation Strategy<\/strong><\/h2>\n

The Bitcoin acquisition is the third cryptocurrency investment of HK Asia Holdings in over a month. The company explained that the crypto acquisitions are part of the \u201cGroup\u2019s asset allocation strategy\u201d wherein the company allocates a portion of its treasury in cryptocurrencies which can serve as a form of diversification to holding cash in treasury management.<\/p>\n

HK Asia Holdings\u2019 board saw an opportunity in the increasing popularity of cryptocurrencies in the commercial world, with companies tapping cryptocurrencies to become part of their investment portfolios, like Bitcoin.\u00a0<\/p>\n

\u201cThe Board believes that there is still room for cryptocurrencies in general, including that for Bitcoin as a dependable store of value which is one of the longest standing and the largest cryptocurrencies in terms of market capitalization, to appreciate in value,\u201d the firm said.<\/p>\n

The Group remarked that the Board observed that cryptocurrency prices are highly volatile, hence the Board decided to invest in Bitcoin because it is the largest cryptocurrency by market capitalization. The group said that the Bitcoin acquisition will enhance the shareholder\u2019s value in the long term.<\/p>\n

<\/p>\n

\u201cThe 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\u2019s investment portfolio and enhance its asset value,\u201d the investment holding company said.<\/p>\n

The investment move, according to the Board, demonstrates that the company has \u201cthe vision and determination to embrace technological evolution, and hence preparing its foray into the blockchain industry.\u201d <\/p>\n

HK Asia Holdings made its first crypto acquisition on February 13, 2025, after the company bought 1 BTC worth $96,000 at the time.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A Hong Kong-based investment holding company has joined many firms that are incorporating Bitcoin in their balance sheets, turning part of the company\u2019s treasury into cryptocurrency. HK Asia Holdings announced that it expanded its Bitcoin reserve after its newly formed board approved the acquisition. Buying More Bitcoins In an X post, HK Asia Holdings revealed […]<\/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-18652","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\/18652","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=18652"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18652\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}