Hong Kong investment firm HK Asia makes first major BTC purchase
Another Bitcoin company
Hong Kong-based investment firm HK Asia Holdings Limited has acquired 7.88 BTC for $761,705. The purchase, approved by the company's board of directors, has increased the firm's total Bitcoin reserves to 8.88 BTC, valued at approximately $861,500.
The decision to increase cryptocurrency holdings came just a week after the company's first Bitcoin purchase on February 16. This move triggered a strong market reaction, causing HK Asia’s stock price to surge nearly 93% by the close of trading on February 17.
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Investor optimism remains high: on February 24, the company’s stock price increased by another 5.7%, trading at 6.66 Hong Kong dollars (approximately $0.86) on the Hong Kong Stock Exchange.
If the upward trend continues, HK Asia’s stock may surpass its June 2019 all-time high of 6.50 HKD ($0.84), marking a 1,700% increase since the start of 2025.
HK Asia’s strategy and market impact
The company financed its Bitcoin purchases using internal resources, signaling long-term confidence in digital assets.
Previously, HK Asia’s board of directors emphasized that the growing popularity of cryptocurrencies in the commercial sector was a key factor in adopting this strategy.
Although the latest acquisitions do not exceed the mandatory disclosure threshold, HK Asia voluntarily disclosed the transactions, demonstrating transparency amid rising investor interest.
This move aligns with a global trend where publicly traded companies invest in Bitcoin to diversify treasury holdings and enhance profitability.
Meanwhile, Bitcoin's price is struggling to maintain six-digit levels, opening the new week at $96,100 after two weeks of consolidation.
