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Bitcoin Stack Grows: Hong Kong Firm Now Holds 19 BTC

A Hong Kong-based investment holding company has joined many firms that are incorporating Bitcoin in their balance sheets, turning part of the company’s treasury into cryptocurrency.

HK Asia Holdings announced that it expanded its Bitcoin reserve after its newly formed board approved the acquisition.

In an X post, HK Asia Holdings revealed that it acquired an additional 10 Bitcoins worth around $858,581, raising its total BTC holding to 18.88 coins.

“The Board is pleased to announce this week’s purchase of 10 BTC, furthering the company’s asset allocation strategy,” the holdings company said."

The Group said in the discloseable transaction it has already “acquired a total of approximately 18.88 units of Bitcoin for an aggregate consideration of approximately $1,720,157.41.”

Bitcoin Stack Grows: Hong Kong Firm Now Holds 19 BTC

A Hong Kong-based investment holding company has joined many firms that are incorporating Bitcoin in their balance sheets, turning part of the company’s treasury into cryptocurrency.

HK Asia Holdings announced that it expanded its Bitcoin reserve after its newly formed board approved the acquisition.

In an X post, HK Asia Holdings revealed that it acquired an additional 10 Bitcoins worth around $858,581, raising its total BTC holding to 18.88 coins.

“The Board is pleased to announce this week’s purchase of 10 BTC, furthering the company’s asset allocation strategy,” the holdings company said."

The Group said in the discloseable transaction it has already “acquired a total of approximately 18.88 units of Bitcoin for an aggregate consideration of approximately $1,720,157.41.”

https://bitcoinist.com/bitcoin-stack-grows-hong-kong-firm-now-holds-nearly-19-btc/