- HK Asia’s Bitcoin holdings rise to 8.88 BTC after spending $761,705 on February 20.
- HK Asia’s stock surged 93% after its first Bitcoin purchase on February 16, 2025.
- HK Asia’s Bitcoin investments contributed to a 1,700% stock surge in 2025.
On February 23, 2025 HK Asia Holdings Limited which operates as an investment company based in Hong Kong received approval from its board to continue acquiring Bitcoin. HK Asia Holdings Limited spent an amount of $761,705 from its internal resources to purchase 7.88 BTC on February 20. The new Bitcoin acquisition raised its total holdings to 8.88 BTC resulting in an average purchase value of $97,021 per coin.
The latest transaction follows HK Asia’s initial Bitcoin purchase of 1 BTC on February 16. That move sparked significant investor interest, driving the company’s stock price up by nearly 93% on February 17 when markets reopened. HK Asia emphasized that these investments fall below the 5% threshold requiring mandatory disclosure under Hong Kong Stock Exchange rules. However, the firm shares the updates voluntarily to keep shareholders informed about its cryptocurrency ventures.
Stock Market Responds Positively to Bitcoin Purchases
The share price growth of HK Asia demonstrates widespread market backing for the implementation of the Bitcoin strategy. The trading session of February 24 revealed a 5.7% increase in share value up to 6.66 Hong Kong dollars (86 cents) on the Hong Kong Stock Exchange. The stock market launch began at 7 Hong Kong dollars (90 cents), demonstrating an 11% rise compared to its closing value of February 21. HK Asia’s stock performance has pushed its current price very near to its June 2019 all-time high value of 6.50 Hong Kong dollars.
The company’s stock surged by 1,700% in 2025, fueled by cryptocurrency investments. Analysts note that HK Asia joins a wave of publicly traded firms, such as KURL Technology Group and Gumi, embracing Bitcoin to enhance earnings. The market’s positive reaction suggests confidence in Bitcoin’s long-term value despite its current price of $95,537 down 12% from a January peak of $108,786, according to CoinGecko data.
Corporate Trend of Embracing Cryptocurrency Gains Momentum
HK Asia’s board cited the rising acceptance of cryptocurrencies in business as a key factor in its investment decisions. The firm’s February 16 announcement highlighted this shift, and the recent approval for more Bitcoin purchases reinforces its commitment. Other companies mirror this approach. For instance, KURL Technology Group added $10 million in Bitcoin to its portfolio on February 11 while Gumi approved a plan to buy JPY 1 billion worth by May.
This trend aligns with Hong Kong’s evolving stance on digital assets. The region’s regulators recently outlined the “ASPIRe” roadmap to establish itself as a global crypto hub. Although not legally required, HK Asia’s voluntary disclosures signal transparency and capitalize on this momentum. As Bitcoin stabilizes below $100,000, corporate investments like these could shape its trajectory in the coming months.
