HK Asia Holdings (1723) said it had bought 10 other Bitcoin (BTC) for $ 858,581.
The purchase of Thursday brought the total company listed in Hong Kong to around 18.88 BTC at a cost of around 1.72 million dollars. The acquisitions were made via open market transactions and funded through internal cash reserves.
In a press release, the company said it considered Bitcoin as a viable value store in a context of global economic uncertainty, inflation concerns and expanding the use of cryptocurrencies in investment strategies as well as “its potential to act as effective coverage of fiduciary currencies”.
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