HK Asia Holdings Boosts Bitcoin Holdings as Inflation Hedge
HK Asia Holdings (1723) has increased its Bitcoin investment with the purchase of an additional 10 BTC for approximately $858,581.
With this latest acquisition, the Hong Kong-listed firm’s total Bitcoin holdings now stand at 18.88 BTC, amounting to an investment of roughly $1.72 million. The purchases were made through open market transactions and funded using internal cash reserves.
In a statement, the company underscored its belief in Bitcoin as a hedge against economic instability and currency devaluation. HK Asia Holdings pointed to rising inflation concerns and the broader adoption of digital assets in institutional portfolios as key factors driving its investment strategy.
