On February 24, 2025, Hong Kong-based investment holding company HK Asia announced it had expanded its Bitcoin holdings after receiving approval from its board of directors. This move reflects a growing trend among global companies viewing cryptocurrencies as strategic assets to strengthen their balance sheets.
HK Asia had already made its first Bitcoin purchase on February 16, acquiring 1 BTC. Just a few days later, on February 20, the company bought an additional 7.88 BTC through a public cryptocurrency exchange. The investment was fully funded with internal resources, totaling 5,936,906.26 HKD, or approximately 761,705 USD. With this latest transaction, HK Asia now holds a total of 8.88 BTC, purchased at an average price of 97,021 USD per coin.
Interestingly, these Bitcoin acquisitions did not trigger mandatory disclosure requirements under the rules of the Hong Kong Stock Exchange, as they remained below the 5% notification threshold. Nevertheless, HK Asia chose to voluntarily announce the transactions to keep shareholders informed about the company’s growing interest in digital assets. The market reaction was swift: after HK Asia’s initial Bitcoin purchase, its stock price nearly doubled overnight. Following the most recent announcement on February 24, shares climbed another 5.7% by midday.
HK Asia now joins a roster of public companies embracing Bitcoin as part of their financial strategies, following the lead of firms like Strategy and MetaPlanet, both known for their regular Bitcoin investments. Other companies have also jumped on board: on February 11, U.S.-based KURL Technology Group announced it had added 10 million USD worth of Bitcoin to its balance sheet, bringing its total holdings to 610 BTC. A day earlier, Japanese mobile gaming studio Gumi revealed plans to purchase Bitcoin worth 1 billion JPY by May 2025.
The growing acceptance of Bitcoin as a corporate asset highlights a major shift in the financial landscape. Companies like HK Asia are not only investing in innovation but also strategically positioning themselves for a future where digital assets could play an even more dominant role.