HK Asia Holdings (1723) said he bought another 10 bitcoin (BTC) for $ 858,581.
Thursday’s purchase brought the total company of the Hong Kong list to around 18.88 BTC at a cost of approximately $ 1.72 million. The acquisitions were made through open market transactions and were financed through internal cash reserves.
In a statement, the company said that Bitcoin is a viable value store in the midst of global economic uncertainty, inflation concerns and the expansion of cryptocurrencies in investment strategies, as well as “its potential to act as an effective coverage against depreciation of fiduciary currencies.”
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