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HK Asia Holdings Limited has significantly expanded its Bitcoin portfolio acquiring an additional 7.88 BTC. This move comes just days after the firm’s initial purchase led to a doubling of its share prices. The recent acquisition priced at approximately $761,705 was funded through internal resources elevating their total Bitcoin holdings to 8.88 BTC.
On February 20 the Hong Kong-based investment firm executed the purchase at an average cost of $97,021 per coin. Their strategic entry into the cryptocurrency market is part of a broader trend where publicly traded companies leverage digital assets to enhance corporate earnings.
Following the surge in its stock by nearly 93% after the first Bitcoin buy HK Asia’s proactive approach in the growing crypto market underscores its commitment to diversifying investment strategies and maximizing shareholder value. The company voluntarily shared this information underscoring the increasing integration of cryptocurrencies in the commercial realm.
