Hong Kong–based Ming Shing Group Holdings Limited (Nasdaq: MSW) has announced an agreement to acquire 4,250 Bitcoin, valued at approximately US$483 million.
The deal will not be settled in cash. Instead, payment will be made through convertible promissory notes and warrants issued by the company. The notes carry a 10-year maturity with 3% annual interest and can be converted into Ming Shing shares, while the warrants allow the purchase of additional equity at a set strike price.
The transaction is expected to be finalized by December 31, 2025. If completed, it will mark one of the largest Bitcoin acquisitions by a publicly listed construction company in Asia, highlighting the region’s growing embrace of digital assets as part of corporate treasury strategy.
Sources
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GlobeNewswire – Ming Shing announces Bitcoin purchase agreement
- Investing.com – Report on $483M Bitcoin deal
Asia Goes Bitcoin: These Public Companies Are Hoarding Thousands of BTC