HKong Kong HK Asia expands Bitcoin Farms After the Committee’s approval

Investment company for Hong Kong HK Asia will buy more Bitcoin after insurance of the Committee approval to expand its cryptocurnent.

As per 23. February announcementThe Committee of the Company Executive and non-executive directors approved plans to increase investment in the Bitcoin company, allowing HK Asia to buy an additional 7.88 BTC.

The acquisition, made 20. February through the open stock exchange Cryptocurrenci, is funded by the use of “Group’s internal resources” and cost $ 5,936,90,26.26, approximately 761,705 USD.

This move follows the first purchase of Bitcoin HK Asia 16. February, when the company bought 1 BTC. Using the latest purchase, the total Total Gasian Substain of Asia now stand in 8.88 BTC, acquired in an average price of 97,021 USD per coin.

The company clarified that the transaction did not initiate any required disclosure requirements within Hong Kong Stock Exchange, as the investment remained below the threshold 5% required for notification.

Instead, it voluntarily announced that shareholders inform him about his growing interest in cryptocurrency, HK Asia added.

The market did not take long to react. After the first Bitcoin company, his price almost doubled overnight. After the last announcement, the actions saw another incentive, climbing about 5.7% to noon 24. February.

HK Asia joins a large number of public traded companies by adding Bitcoin to their balance sheets to diverse property and increase the profit of the company to capitalize their long-term growth potential. The companies love Strategy and MetaPlanet They led to the accusation with the periodical investments Bitcoin.

11. February, American Kurl Technology Group discovered Adding $ 10 million in BTC in its farms, bringing it to 610 BTC. The day before, the Japanese mobile game Studio Gumi said the Bitcoin’s purchase plan worth 1 billion JPI could be approved.