HK Asia Holdings (1723) mentioned it purchased one other 10 bitcoin (BTC) for $858,581.
The Thursday buy took the Hong Kong-listed firm’s complete to round 18.88 BTC at a price of roughly $1.72 million. The acquisitions had been made by way of open market transactions and funded by inside money reserves.
In a press release, the corporate mentioned it views bitcoin as a viable retailer of worth amid world financial uncertainty, inflation issues and increasing use of cryptocurrencies in funding methods in addition to “its potential to act as an effective hedge against depreciation of fiat currencies.”
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