According to the latest information, another company has taken the first step towards becoming a Bitcoin company by following Microstrategy's path.
Hong Kong Asia Holdings Limited has officially entered the BTC market after completing its first Bitcoin asset allocation, signaling a strategic shift following its acquisition by UTXO Management.
In a filing with the Hong Kong Stock Exchange, the company said it used its internal resources to purchase one unit of Bitcoin from the open market for approximately $96,150 (HK$750,000). The move marks the start of the company’s Bitcoin-focused investment strategy.
UTXO Management, a subsidiary of BTC Inc., the parent company of Bitcoin Magazine, previously led a successful Bitcoin strategy at Japanese-listed firm Metaplanet, which became one of the best-performing stocks globally in 2024.
The acquisition of Hong Kong Asia Holdings and its subsequent foray into Bitcoin points to a similar approach to capitalizing on Bitcoin’s growing institutional adoption.
Source : bitcoinsistemi
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