"Profitable indeed"... Hong Kong investment firm sees stock surge, adds more Bitcoin
Summary
- Hong Kong investment firm HK Asia Holdings announced that they are expanding their investment scale by continuously purchasing Bitcoin.
- The company reported that their stock price surged 93% after their initial Bitcoin purchase.
- HK Asia Holdings emphasized transparency by voluntarily announcing their additional Bitcoin purchase.
Hong Kong investment firm HK Asia Holdings has purchased additional Bitcoin (BTC).
HK Asia Holdings announced on the 23rd (local time) that its board of directors has approved additional Bitcoin investments. The company invested approximately $760,000 to purchase an additional 7.88 Bitcoin on the 20th. The company now holds 8.88 Bitcoin with an average purchase price of $97,021 per coin.
HK Asia Holdings made its first Bitcoin purchase on the 16th of this month. The company's stock price surged nearly 93% on the 17th, the day after they officially announced the purchase of one Bitcoin. HK Asia Holdings stated that "this transaction is a small-scale Bitcoin purchase that does not require legal disclosure" and that "we voluntarily announced it."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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