HK Asia Holdings Bolsters Bitcoin Investment to Counter Economic Uncertainty

HK Asia Holdings (1723) has expanded its Bitcoin portfolio with the purchase of an additional 10 BTC for approximately $858,581.

This latest acquisition raises the company’s total Bitcoin holdings to 18.88 BTC, with a total investment of around $1.72 million. The purchases were made through open market transactions and funded using internal cash reserves.

In a statement, the company emphasized Bitcoin’s role as a hedge against economic instability, inflation, and the depreciation of fiat currencies. HK Asia Holdings also highlighted the increasing institutional adoption of cryptocurrencies as a key factor in its investment strategy.