Hong Kong-based investment firm HK Asia Holdings increased its Bitcoin holdings following a significant share price rise, expanding its portfolio to 9 BTC.
New Bitcoin Acquisition
HK Asia Holdings announced that its board approved expanding its Bitcoin investment by purchasing an additional 8.88 BTC. This acquisition, funded using internal resources, was made at an average price of 97,021 per coin, totaling approximately 861,500.
Reasons for Investment
In February, the company stated that it sees great potential in Bitcoin within the business sector, influencing its investment decision. Although their investments remain below the legal disclosure threshold, the firm voluntarily announced them.
Market Trends
Global companies such as MicroStrategy and MetaPlanet continue to capture the market by actively investing in Bitcoin. MetaPlanet aims to acquire 21,000 BTC by 2026, making it one of the largest corporate Bitcoin holders.
Corporations continue to show interest in cryptocurrencies to diversify assets. HK Asia Holdings is an example of the growing trend of corporate investors in the Bitcoin market.
