HK Asia Holdings (HK1723) introduced a purchase order of Bitcoin by means of a sequence of transactions on an open market crypto alternate platform on 20 Feb.
The corporate acquired roughly 7.88 BTC at an combination consideration of HK$5,936,906.26 (US$761,705.07, excluding transaction prices), financing the funding completely with inside sources. The acquisition, which follows an earlier Bitcoin acquisition introduced on 16 Feb, brings the Group’s whole holding to about 8.88 BTC, with a mean price of HK$756,209.74 per unit.
The aggregated funding stays under the 5% threshold specified beneath Chapter 14 of the Itemizing Guidelines, so the transaction doesn’t set off notifiable reporting necessities. Joint Offerors have consented to the preliminary and subsequent transactions, and shareholders are suggested to train warning when coping with the corporate’s shares.
The submitting arrives amid a broader strategic realignment that has redirected HK Asia Holdings’ focus towards digital property and blockchain know-how. The corporate’s earlier buy of 1 BTC was emblematic of its rising dedication to a digital-first method—a pivot additional underscored by its current board appointments.
Figures related to BTC Inc. and Sora Ventures have joined the management group, reinforcing a technique that now encompasses Web3 initiatives and modern monetary devices.
The measured execution of the newest Bitcoin acquisition, structured to remain inside regulatory thresholds, could mirror a deliberate effort to steadiness publicity to unstable digital asset markets whereas leveraging in-house liquidity.
HK Asia Holdings’ incremental buildup of Bitcoin positions aligns with the lately introduced MicroStrategy 2.0 plan to combine Bitcoin into conventional corporations’ portfolios. The transaction’s scale and timing recommend a strategic posture aimed toward capitalizing on potential market alternatives whereas adhering to the regulatory frameworks governing Hong Kong’s capital markets. By limiting aggregated crypto publicity under essential notifiable ranges, the corporate seems to handle threat with out compromising its broader strategic goals.
As the corporate undergoes a major transformation following the bulk acquisition by UTXO Administration, Sora Ventures, and different companions, the brand new management is now actively concerned in day-to-day operations and steered the corporate towards a rebranding initiative anticipated to culminate in a brand new identification—Moon Inc.—reflecting its long-term dedication to digital property.
HK Asia Holdings’ value hit an all-time excessive of 6.6 HKD following the announcement.
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