HK Asia expands Bitcoin holdings by 10 BTC 7 seconds ago

cryptonews03-21

Hong Kong-based HK Asia Holdings has expanded its Bitcoin holdings, purchasing an additional 10 BTC for approximately $858,581.

The purchase brings the firm’s total Bitcoin (BTC) holdings to 18.88 BTC, valued at around $1.72 million.

The acquisition follows a Feb. 23 board approval allowing HK Asia to increase its Bitcoin investments. The company had previously purchased 1 BTC on Feb. 16 and 7.88 BTC on Feb. 20, financing the acquisitions through internal cash reserves.

Store of value

HK Asia sees Bitcoin as a store of value and hedge against fiat currency depreciation. The company voluntarily disclosed the purchase despite not being required under Hong Kong Stock Exchange rules.

Following its initial Bitcoin purchase, HK Asia’s stock price nearly doubled, and its latest announcement saw shares climb another 5.7% on Feb. 24.

The firm joins a growing list of publicly traded companies adding Bitcoin to their balance sheets. U.S.-based KURL Technology Group recently disclosed a $10 million Bitcoin investment, while Japan’s Gumi has announced plans to buy JPY 1 billion worth of BTC by May.

Companies like Strategy and MetaPlanet have led the charge with periodic Bitcoin investments.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2521232992?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2025-03-22 00:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2521232992","market":"sg","top_or_hot":-1,"title":"HK Asia expands Bitcoin holdings by 10 BTC                \n\n7 seconds ago","media":"cryptonews","content":"<html><body><div>\n<p>Hong Kong-based HK Asia Holdings has expanded its Bitcoin holdings, purchasing an additional 10 BTC for approximately $858,581.</p>\n<p>The purchase brings the firm’s total Bitcoin (BTC) holdings to 18.88 BTC, valued at around $1.72 million.</p>\n<p>The acquisition follows a Feb. 23 board approval allowing HK Asia to increase its Bitcoin investments. The company had previously purchased 1 BTC on Feb. 16 and 7.88 BTC on Feb. 20, financing the acquisitions through internal cash reserves.</p>\n<h2>Store of value</h2>\n<p>HK Asia sees Bitcoin as a store of value and hedge against fiat currency depreciation. The company voluntarily disclosed the purchase despite not being required under Hong Kong Stock Exchange rules. </p>\n<p>Following its initial Bitcoin purchase, HK Asia’s stock price nearly doubled, and its latest announcement saw shares climb another 5.7% on Feb. 24.</p>\n<p>The firm joins a growing list of publicly traded companies adding Bitcoin to their balance sheets. U.S.-based KURL Technology Group recently disclosed a $10 million Bitcoin investment, while Japan’s Gumi has announced plans to buy JPY 1 billion worth of BTC by May.</p>\n<p>Companies like <a href=\"https://laohu8.com/S/MSTR\">Strategy</a> and MetaPlanet have led the charge with periodic Bitcoin investments.</p>\n</div></body></html>","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HK Asia expands Bitcoin holdings by 10 BTC                \n\n7 seconds ago</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHK Asia expands Bitcoin holdings by 10 BTC                \n\n7 seconds ago\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-03-22 00:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/hk-asia-expands-bitcoin-holdings-by-10-btc/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong-based HK Asia Holdings has expanded its Bitcoin holdings, purchasing an additional 10 BTC for approximately $858,581.\nThe purchase brings the firm’s total Bitcoin (BTC) holdings to 18.88 BTC...</p>\n\n<a href=\"https://crypto.news/hk-asia-expands-bitcoin-holdings-by-10-btc/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://crypto.news/hk-asia-expands-bitcoin-holdings-by-10-btc/","article_id":"2521232992","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521232992","pubTimestamp":1742575494,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"cryptonews"},"weMediaInfo":null,"summary":"Hong Kong-based HK Asia Holdings has expanded its Bitcoin holdings, purchasing an additional 10 BTC for approximately $858,581.The purchase brings the firm’s total Bitcoin  holdings to 18.88 BTC, valued at around $1.72 million.The acquisition follows a Feb. 23 board approval allowing HK Asia to increase its Bitcoin investments. The company had previously purchased 1 BTC on Feb. 16 and 7.88 BTC on Feb. 20, financing the acquisitions through internal cash reserves.HK Asia sees Bitcoin as a store of value and hedge against fiat currency depreciation. The company voluntarily disclosed the purchase despite not being required under Hong Kong Stock Exchange rules.Following its initial Bitcoin purchase, HK Asia’s stock price nearly doubled, and its latest announcement saw shares climb another 5.7% on Feb. 24.The firm joins a growing list of publicly traded companies adding Bitcoin to their balance sheets. U.S.-based KURL Technology Group recently disclosed a $10 million Bitcoin investment, whi","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"HK Asia将比特币持有量扩大10 BTC 7秒前","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"03008":1,"03042":1,"03439":1,"09008":1,"09042":1,"09439":1,"BTC":1,"BTC.AU":1,"BTCmain":1,"XBTmain":1},"content_text":"Hong Kong-based HK Asia Holdings has expanded its Bitcoin holdings, purchasing an additional 10 BTC for approximately $858,581.\nThe purchase brings the firm’s total Bitcoin (BTC) holdings to 18.88 BTC, valued at around $1.72 million.\nThe acquisition follows a Feb. 23 board approval allowing HK Asia to increase its Bitcoin investments. The company had previously purchased 1 BTC on Feb. 16 and 7.88 BTC on Feb. 20, financing the acquisitions through internal cash reserves.\nStore of value\nHK Asia sees Bitcoin as a store of value and hedge against fiat currency depreciation. The company voluntarily disclosed the purchase despite not being required under Hong Kong Stock Exchange rules. \nFollowing its initial Bitcoin purchase, HK Asia’s stock price nearly doubled, and its latest announcement saw shares climb another 5.7% on Feb. 24.\nThe firm joins a growing list of publicly traded companies adding Bitcoin to their balance sheets. U.S.-based KURL Technology Group recently disclosed a $10 million Bitcoin investment, while Japan’s Gumi has announced plans to buy JPY 1 billion worth of BTC by May.\nCompanies like Strategy and MetaPlanet have led the charge with periodic Bitcoin investments.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.32.1","shortVersion":"4.32.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2521232992"}