So, let me get this straight. HK Asia Holdings, based in Hong Kong, just decided to buy 10 more Bitcoin. You know, just casually dropping around $858,581 like it’s pocket change. Who do they think they are? Elon Musk? 😏
Now, they’ve got a grand total of 18.88 BTC, which is worth about $1.72 million. I mean, what’s with the .88? Are they trying to be cute? It’s like they’re saying, “Look at us, we’re almost at 19 BTC, but not quite. We like to keep it interesting!”
And get this: they got the green light from their board on February 23rd to go on this Bitcoin shopping spree. Prior to that, they bought 1 BTC on February 16 and then 7.88 BTC on February 20. I guess they were just warming up, right? “Let’s see how this Bitcoin thing works before we really commit!”
Store of value? More like store of confusion!
HK Asia thinks Bitcoin is a “store of value” and a hedge against fiat currency depreciation. Sure, because nothing says “safe investment” like a digital currency that can swing wildly in value. But hey, they disclosed the purchase voluntarily, which is nice of them. Not required by the Hong Kong Stock Exchange, but they did it anyway. What a bunch of overachievers! 🙄
After their first Bitcoin buy, their stock price nearly doubled. I mean, who wouldn’t want to ride the Bitcoin rollercoaster? And then, on February 24, shares climbed another 5.7%. It’s like they’re playing Monopoly with real money! 🎲
Now they’re in good company, joining a list of other companies that are adding Bitcoin to their balance sheets. KURL Technology Group in the U.S. just dropped $10 million on Bitcoin, and Japan’s Gumi is planning to buy JPY 1 billion worth of BTC by May. It’s like a Bitcoin buying club, and I didn’t even get the memo!
Companies like Strategy and MetaPlanet are leading the charge with their periodic Bitcoin investments. I guess it’s the new trend—who needs stocks when you can have a digital currency that sounds like a video game? 🎮
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2025-03-21 19:54