3 months ago
HK Asia Holdings (HK1723) announced a acquisition of Bitcoin done a bid of transactions connected an unfastened marketplace crypto speech level connected 20 Feb.
The institution acquired astir 7.88 BTC astatine an aggregate information of HK$5,936,906.26 (US$761,705.07, excluding transaction costs), financing the concern exclusively with interior resources. The purchase, which follows an earlier Bitcoin acquisition announced connected 16 Feb, brings the Group’s full holding to astir 8.88 BTC, with an mean outgo of HK$756,209.74 per unit.
The aggregated concern remains beneath the 5% threshold specified nether Chapter 14 of the Listing Rules, truthful the transaction does not trigger notifiable reporting requirements. Joint Offerors person consented to the archetypal and consequent transactions, and shareholders are advised to workout caution erstwhile dealing with the company’s shares.
The filing arrives amid a broader strategical realignment that has redirected HK Asia Holdings’ absorption toward integer assets and blockchain technology. The company’s earlier purchase of 1 BTC was emblematic of its emerging committedness to a digital-first approach—a pivot further underscored by its caller committee appointments.
Figures associated with BTC Inc. and Sora Ventures person joined the enactment team, reinforcing a strategy that present encompasses Web3 initiatives and innovative fiscal instruments.
The measured execution of the latest Bitcoin acquisition, structured to enactment wrong regulatory thresholds, whitethorn bespeak a deliberate effort to equilibrium vulnerability to volatile integer plus markets portion leveraging in-house liquidity.
HK Asia Holdings’ incremental buildup of Bitcoin positions aligns with the precocious announced MicroStrategy 2.0 program to integrate Bitcoin into accepted companies’ portfolios. The transaction’s standard and timing suggest a strategical posture aimed astatine capitalizing connected imaginable marketplace opportunities portion adhering to the regulatory frameworks governing Hong Kong’s superior markets. By limiting aggregated crypto vulnerability beneath captious notifiable levels, the institution appears to negociate hazard without compromising its broader strategical objectives.
As the institution undergoes a important translation pursuing the majority acquisition by UTXO Management, Sora Ventures, and different partners, the caller enactment is present actively progressive successful day-to-day operations and steered the institution toward a rebranding inaugural expected to culminate successful a caller identity—Moon Inc.—reflecting its semipermanent committedness to integer assets.
HK Asia Holdings’ terms deed an all-time high of 6.6 HKD pursuing the announcement.
The station HK Asia Holdings banal soars arsenic it kicks disconnected MicroStrategy 2.0 strategy with Bitcoin purchase appeared archetypal connected CryptoSlate.
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