Hong Kong-based Ming Shing Group Holdings Restricted has bought 333 Bitcoin for round $27 million, indicating the development firm’s transition to digital property.
The acquisition came about on February 28, 2025 by way of its subsidiary Lead Profit Restricted at a mean value of $81,555 per BTC.
Ming Shing, which provides moist buying and selling work companies, primarily together with filling, tileting and masonry, considers Bitcoin (BTC) to be a liquid reserve asset.
The corporate mentioned it intends to make use of idle funds to leverage Bitcoin’s potential valuation whereas sustaining the pliability to settle holdings for operational wants.
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Different Bitcoin Reserves
This transfer is per the expansion developments of public firms diversifying into Bitcoin in its place monetary asset.
Main firms comparable to MicroStrategy and Tesla are buying well-known Bitcoin, however fewer public firms are more and more exploring digital property, particularly within the non-technology sector.
Wenjin Li, director of Ming Shing, emphasised that the choice is per a method that will increase shareholder worth and explores new progress alternatives.
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