HK Asia Holdings (1723) said it bought another 10 bitcoin (BTC) for $858,581.
The Thursday purchase took the Hong Kong-listed company’s total to around 18.88 BTC at a cost of roughly $1.72 million. The acquisitions were made via open market transactions and funded through internal cash reserves.
In a statement, the company said it views bitcoin as a viable store of value amid global economic uncertainty, inflation concerns and expanding use of cryptocurrencies in investment strategies as well as “its potential to act as an effective hedge against depreciation of fiat currencies.”
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Over the last few days, the Bitcoin price has fluctuated, but the most prominent moves…
Standard Chartered has sharply reduced its famously bullish Bitcoin roadmap, cutting its 2026 price target…
Ark Invest’s CEO and CIO, Cathie Wood, joined Fox Business’s “Morning With Maria” to discuss…
Market depth in smaller tokens remained thin, echoing the uneven liquidity that has characterized December…
Bitcoin is holding above $90,000 as the market heads into a highly anticipated FOMC meeting,…
During what many anticipated would be the year of a major Bitcoin (BTC) bull run,…