HK Asia Holdings Increases Bitcoin Holdings as Hedge Against Fiat Depreciation

The company acquired an additional 10 Bitcoin, reaffirming its confidence in cryptocurrency as a long-term investment strategy.

Key Takeaways:

• HK Asia Holdings has acquired 10 more BTC, bringing its total holdings to 18.88 BTC.
• The purchase was funded using internal cash reserves.
• The company sees Bitcoin as a hedge against fiat currency depreciation and a strategic step toward asset diversification and blockchain adoption.

HK Asia Holdings (1723) announced the purchase of 10 additional Bitcoin (BTC) for $858,581 on Thursday.

With this latest acquisition, the Hong Kong-listed company now holds approximately 18.88 BTC, acquired at a total cost of around $1.72 million.

The company confirmed that the purchases were made through open market transactions and funded using internal cash reserves.

In a statement, the company emphasized that it considers Bitcoin a viable store of value amid global economic uncertainty, inflation concerns, and the growing role of cryptocurrencies in investment strategies. It also highlighted Bitcoin’s potential as an effective hedge against fiat currency depreciation.