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Hong Kong Asia Holdings Sees 340% Share Surge After Buying “One” BTC

2 mins mins

Key Points:

  • Hong Kong Asia Holdings bought 1 Bitcoin for HK$750,000 on February 13.
  • Their share price surged 340% to HK$5 within three trading days.
Hong Kong Asia Holdings Sees 340% Share Surge After Buying "One" BTC

Hong Kong Asia Holdings purchased one Bitcoin for HK$750,000 (US$96,150) on February 13, 2025, using internal company resources. The tactical acquisition triggered a significant market response, with the company’s share price climbing to HK$5 within three trading days, marking a 340% increase.

The shift mirrors similar patterns seen in other companies that invested in Bitcoin, such as MicroStrategy’s 900% stock rise after its cryptocurrency investment. The trend suggests broader implications for corporate digital asset strategies.

Share Price Jumps 340% for Hong Kong Asia Holdings

On February 13, 2025, Hong Kong Asia Holdings, an investment holding company, reportedly announced its first acquisition of Bitcoin, purchasing one Bitcoin for approximately HK$750,000 (equivalent to US$96,150). The transaction was financed through the company’s internal resources.

Following the announcement, the company’s share price rose sharply from HK$1.3, reaching HK$5.03 within three trading days, marking an increase of approximately 340% as of this writing.

Weekly chart of HK Asia Holdings Ltd
Weekly chart of HK Asia Holdings Ltd (HK) on HKEX (Collected on 17 Feb 2025). Source: TradingView

The company was initially involved in the wholesale and retail of pre-paid products, such as SIM cards and top-up vouchers, and has been acquired by UTXO Management in collaboration with Sora Ventures, which now holds a 70.26% stake in the business. As part of this transition, the company reportedly planned to rebrand as Moon Inc. to concentrate on Bitcoin, Web3, and other FinTech ventures.

Companies Thrive After Bitcoin Treasury Adoption

Several companies have reportedly increased success in their stock performance following their decision to adopt Bitcoin as a treasury asset.

MicroStrategy, which began this strategy in 2020, has seen its stock increase by approximately 900%, significantly outpacing Bitcoin’s gain of around 450% in the same timeframe.

Meanwhile, firms such as Metaplanet and Semler Scientific had also experienced notable share price increases of 326% and 60%, respectively, even when Bitcoin’s value fluctuated unfavourably.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Akinyemi Okedeji Amoo

17 February 2025, 04:33:42 GMT +0000

Akinyemi Okedeji Amoo, known as Tony, is a seasoned Web3 content strategist specializing in crypto journalism, PR, and SEO-driven content marketing. With six years of experience in cryptocurrency media, he has crafted high-impact presale articles and educational content that bridge the gap between blockchain innovation and mainstream adoption.

Passionate about blockchain’s role in reshaping global finance, Tony positions himself as a thought leader, delivering in-depth analyses and compelling narratives. At Coincu.com, he leverages his expertise to produce insightful, data-driven content that empowers readers with actionable knowledge on digital assets and emerging Web3 trends.

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