Abdullah Sabir
HK Asia Holdings Limited has strengthened its Bitcoin portfolio with a recent acquisition of approximately 7.88 BTC for $761,705 on February 20. This latest purchase, sanctioned by the company’s board, raises the firm’s total Bitcoin assets to around 8.88 BTC. The company's average cost per Bitcoin stands at $97,021, with the total value of its holdings reaching approximately $861,500.
Strategic Move to Increase Cryptocurrency Exposure
This expansion in Bitcoin holdings follows HK Asia’s initial purchase on February 16, signalling a growing commitment to digital asset investments. The company’s decision comes amid the increasing adoption of cryptocurrencies in the financial sector.
Stock Soars Following Bitcoin Investment
The firm’s initial Bitcoin purchase had an immediate market impact, propelling HK Asia’s stock price by nearly 93% by the close of trading on February 17. The bullish trend has continued, with shares rising an additional 5.7% by midday trading on February 24, reaching 6.66 Hong Kong dollars ($0.86). If the momentum persists, HK Asia’s stock could surpass its June 2019 all-time high of 6.50 Hong Kong dollars ($0.84), marking an astonishing 1,700% gain in 2025 alone.
Commitment to Transparency and Future Growth
HK Asia’s Bitcoin purchases were financed using internal funds, reflecting confidence in the long-term value of digital assets. Despite not being legally required to disclose the transactions, the company voluntarily made its purchases public, emphasizing its dedication to transparency amid growing investor interest.
This move aligns with a broader trend where publicly traded companies increasingly invest in Bitcoin to enhance their financial standing and diversify treasury reserves. Several global firms have adopted similar strategies to gain exposure to the cryptocurrency market.
Bitcoin Market Trends and Institutional Adoption
Meanwhile, Bitcoin’s price has remained relatively stable, hovering around $95,537 after a slight dip of less than 1% over the past 24 hours. Since February 5, the cryptocurrency has struggled to break past the $100,000 psychological barrier and remains 12% below its January 20 peak of $108,786.
MicroStrategy’s Expanding Bitcoin Portfolio
In a related development, business intelligence and Bitcoin acquisition firm Strategy (formerly MicroStrategy) has announced plans to raise $2 billion through 0% senior convertible notes. The proceeds from this initiative will primarily be used to acquire additional Bitcoin, with some funds allocated for general corporate purposes.
Currently, Strategy holds an impressive 478,740 BTC, valued at approximately $47 billion, with an average purchase price of $65,000 per coin. Despite market fluctuations, the company’s Bitcoin investments have yielded a 51% profit, boosting its stock price by 360% over the past year.
Institutional and Governmental Adoption of Bitcoin
Looking ahead, Strategy’s chairman, Michael Saylor, envisions artificial intelligence and digital currencies shaping the 21st century. Supporting this trend, several U.S. states, including Illinois, Kentucky, Maryland, and Texas, have introduced bills allowing them to hold Bitcoin and other cryptocurrencies as reserve assets.
Adding to the institutional momentum, Metaplanet recently expanded its Bitcoin portfolio by acquiring an additional 68.59 BTC for approximately $6.6 million, further underscoring the growing institutional interest in Bitcoin as a strategic asset.