HK Asia Holdings Expands Bitcoin Holdings Amid Inflation Concerns
HK Asia Holdings (1723) has strengthened its Bitcoin position with the purchase of an additional 10 BTC for approximately $858,581.
This latest acquisition brings the Hong Kong-listed firm’s total Bitcoin holdings to 18.88 BTC, with a total investment of roughly $1.72 million. The purchases were conducted through open market transactions and funded using internal cash reserves.
In an official statement, HK Asia Holdings reaffirmed its confidence in Bitcoin as a long-term store of value, citing ongoing global economic uncertainty, inflationary pressures, and the growing adoption of cryptocurrencies in investment portfolios. The company emphasized Bitcoin’s potential as an effective hedge against the depreciation of fiat currencies.
