- HK Asia Holdings raises Bitcoin holdings to 18.88 BTC, enhancing its long-term digital asset strategy.
- The firm finances Bitcoin with cash reserves for financial stability and regulatory compliance.
- Shifts in leadership follow crypto expansion and reflect a strategic focus on investments in digital resources.
HK Asia Holdings Limited enhanced its cryptocurrency holdings through the acquisition of 10 additional bitcoins. The listed firm acquired the bitcoins on March 20, 2025, through open market purchases, raising its reserves in Bitcoin to 18.88 BTC.
Bitcoin Investment Strategy Strengthens
The company has been slowly accumulating its portfolio of cryptos, having previously purchased 8.88 BTC via open market purchases. The aggregate investment amounts to approximately HK$13,365,636.46 (US$1,720,157.41) with this latest purchase, reiterating its faith in digital assets.
Bitcoin Magazine reported on this expansion, noting the rising confidence in Bitcoin as a long-term investment play for the firm. In an effort to strengthen its position, HK Asia Holdings continues to be active in utilizing available cash buffers to increase Bitcoin exposure. Bitcoin as a store of value and fiat currencies devaluation hedging tool is recognized by the firm.
Transaction Execution and Regulatory Compliance
Ensuring a seamless acquisition process, the company funded the recent purchase of 10 BTC, totaling HK$6,671,182.23 (US$858,581.15), using internal cash reserves. The transactions were executed based on prevailing bid and ask prices, allowing for immediate settlement. Due to the nature of open market transactions, the identities of the selling counterparties remain undisclosed.
To maintain regulatory transparency, HK Asia Holdings has adhered to Hong Kong Stock Exchange regulations regarding disclosable transactions. Since the total transaction value surpasses 5% but remains below 25% of the company’s financial thresholds, the acquisition complies with Chapter 14 of the Listing Rules. The company remains committed to upholding financial compliance and transparent reporting practices.
Corporate Leadership Changes
Alongside its latest Bitcoin acquisition, HK Asia Holdings announced key management changes to align with its corporate strategy. Mr. Chan Him Alfred resigned as Company Secretary and Authorized Representative, while Mr. Siu Muk Lung stepped down as an Authorized Representative and Process Agent.
To ensure smooth leadership continuity, Ms. Wong Fung Yee May has been appointed as the new Company Secretary, Authorized Representative, and Process Agent. Additionally, Mr. Fang Jason Kin Hoi was named an Authorized Representative.
Reinforcing its long-term vision, the announcement was made under Chairman and Executive Director Mr. Fang Jason Kin Hoi. Financial figures were calculated using an exchange rate of HK$1 = US$0.1287 for reference purposes.
