HK Asia Holdings Buys One Bitcoin and Its Stocks Surge by Over 90%. Will BTC Bull Explode?

Quick Summary:

HK Asia Holdings announced the purchase of one Bitcoin on February 13, calling this investment "symbolic in scale.” Following the public announcement, the company’s stocks surged by 93% between February 13 and 17.

This increase catapulted the stock to 5.50 HKD (Hong Kong Dollars) which is the equivalent of $0.71.

A growing number of public institutions and firms have also added Bitcoin to their portfolio over the years.

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Article Details

Category: Crypto

Markets: HungaryCentral African RepublicEl SalvadorHong KongJapan

Topics: Bitcoin Investment Bitcoin Altcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-18 @ 16:14:52 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 724 words

Reading Time: 5 minutes read

Sentences: 46 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26256004

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About Bitcoinist

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