HK Asia Holdings (1723) stated it bought one other 10 Bitcoins (BTC) for $858,581.
The acquisition on Thursday introduced the Hong Kong listed firm to about 18.88 BTC at a price of round $1.72 million. The acquisition was made by way of open market transactions and funded by way of inner money reserves.
In an announcement, the corporate not solely views Bitcoin as a beneficial and beneficial reservoir amid international financial uncertainty, inflation issues and rising use of cryptocurrency in funding methods, but in addition “might act as an efficient hedge towards depreciation of Fiat forex.”
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