Hong Kong Company That Increased by 90% with Bitcoin Made New Purchases for Inflation! - Coin Bulletin

The Hong Kong-based company is securing Bitcoin (BTC) investments by increasing them as a long term asset strategy.

Most recently, HK Asia Holdings announced that it has purchased 10 more Bitcoin (BTC), bringing its total Bitcoin reserves to 18.88 BTC. The company purchased 10 BTC for approximately $858,581, and the funds used in this transaction were funded from the company's internal cash reserves. The acquisition brings the company's total Bitcoin investments to $1.72 million.

The company, which stated that they see Bitcoin as a store of value, emphasized that the cryptocurrency has the potential to provide effective protection against the depreciation of fiat currencies. Additionally, it expressed that the increasing use of Bitcoin in investment strategies and the adoption of blockchain technology align with the company's asset diversification goals.

HK Asia Holdings stated that Bitcoin is seen as a strong hedge against the economic uncertainty and inflation concerns experienced worldwide, and that cryptocurrencies will increasingly play a larger role in future investment strategies.

On February 16, the company announced that it had symbolically purchased only 1 BTC, and following this news, it experienced significant volatility in its shares.

On February 17, when the markets reopened, the company's share prices had increased by 93.