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An investment wood company based in Hong Kong has joined many firms that involve Bitcoin of their balance sheets and transform a part of the corporate's Ministry of Finance into cryptocurrency.
HK Asia Holdings announced that it had expanded its Bitcoin reserve after his newly educated board approved the acquisition.
Buy more bitcoins
In an X -post, HK Asia Holdings showed that they acquired one other 10 bitcoins price around 858,581 US dollars, which increased its total -BtC -Holding to 18.88 coins.
“The board is pleased to announce the acquisition of 10 BTC this week, which promotes the corporate's asset project strategy,” said Holdings Company.
The group said within the apparent transaction that it had already acquired a complete of roughly 18.88 units Bitcoin for an overall opinion of roughly $ 1,720,157.41 “.
https://t.co/dp4j6tzliw now holds 18.88 btc. The board is pleased to announce the acquisition of 10 BTC this week, which promotes the corporate's asset project strategy. pic.twitter.com/9ebkye5mnu
– 1723.hk (@mooninchk) March 21, 2025
The purchase shows that the Asian Investment Holding Company sees the firstborn cryptocurrency as a worth memory and a strategy to combat the devaluation of the Fiat currency. HK Asia Holdings opened the BTC acquisition, although the Hong Kong exchange didn’t require such disclosure. It may be remembered that after its first Bitcoin acquisition of the corporate's share price, the corporate's share price almost doubled, while the corporate's shares rose by 5.7% on February 24.
Asset Allocation Strategy
The Bitcoin acquisition is the third cryptocurrency investment by HK Asia Holdings in over a month. The company explained that the crypto acquisitions are a part of the strategy “wealth allocations of the group”, wherein the corporate assigns a part of its finance ministry in cryptocurrencies that may function diversification with a purpose to keep money within the financial administration.
The board of HK Asia Holdings saw a possibility for the increasing popularity of cryptocurrencies within the business world, and corporations used cryptocurrencies to change into a part of their investment portfolios like Bitcoin.
“The board is of the opinion that there is usually still room for cryptocurrencies, including this for Bitcoin as a reliable value memory, which is one in every of the longest position and the best cryptocurrencies when it comes to market capitalization to understand value,” said the corporate.
The group noted that the board found that cryptocurrency prices were very volatile, so the board decided to take a position in Bitcoin since it is the best cryptocurrency after market capitalization. The group said that the Bitcoin acquisition will improve the worth of the shareholder in the long run.
BTC now acts at $ 84,053. Diagram: Tradingview
“The board is of the opinion that the Bitcoin acquisitions are symbolic and mark a big step towards organising the developing global financial landscape and diversify the group's investment portfolio and improve their asset,” said Investment Holding Company.
According to the board, the investment train shows that the corporate “has the vision and determination of using technological development and thus preparing its foray within the blockchain industry”.
HK Asia Holdings carried out its first crypto acquisition on February 13, 2025 after the corporate bought 1 BTC price 96,000 USD at the moment.
Selected picture of Pexels, Diagram by Tradingview
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