“The Company Boughther 10 Bitcoin, Signaling Confidentnce in Crypto As A Long-Term Asset Strategy.”, – WRITE: www.coindesk.com
The Company Boughther 10 Bitcoin, Signaling Confidentnce in Crypto As A Long-Term Asset Strategy.Updated Mar 21, 2025, 5:14 PM UTCPublished Mar 21, 2025, 3:19 PM UTC
What to Know:
- HK Asia Holdings Boughht Another 10 BTC, Taking ITS Total Bitcoin Holdings to 18.88 BTC
- The Purchase Was Funded from Internal Cash Reserves.
- The Company Bitcoin’s Potential As A Hedge Against Fiat Department and A Strategic Move to Diversify Assets and Embrace Blockchain Technology.
HK Asia Holdings (1723) SAID IT BOUGHT Another 10 Bitcoin (BTC) for $ 858.581.
The Thursday Purchase Took The Hong Kong-Listed Company’s Total to around 18.88 BTC at A Cost of Roughly $ 1.72 Million. The Acquisitions Were Made Via Open Market Transactions and Funded Through International Cash Reserves.
In a statement, the company SAID IT VIEWS BITCOIN as A VIBLE STAVER OF VALUE AMID GLOBAL ECONOMIC UNCERTAINTY, INFLIATION CONCERNS and Expanding Use of Cryptocurrencies in Inis. to Act As An Effective Hedge Against Department of Fiat Currencies. ”
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James van stratenJames Van Straten Is A Senior Analyst at Coindesk, Specializing in Bitcoin and Its InterPlay with the Macroconomic Environment. Previously, James Worked As A Research Analyst at Saidler & Co., A Swiss Hedge Fund, WHERE HE DEVELPED Expertise in On-Chain Analytics. His work focuses on monitoring flows to Analyze Bitcoin’s Role with the Broader Financial System. In addition to his professional endeavors, James Serves as an Advisor to Coinsilium, A UK Publicly Traded Company, WHERE HE PROVides Guidance on Their Bitcoin Treasury Strategy. He Also Holds Investments in Bitcoin, Microstrategy (MSTR), and Semler Scientific (SMLR).
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