HK Asia Shares Soar 93% After Bitcoin Purchase, Reflects Shift to Digital Assets
February 18, 2025
This investment reflects a broader trend of institutional adoption of Bitcoin amid global economic uncertainty.
This acquisition aligns with the new leadership's vision to innovate financially and explore digital assets.
HK Asia's investment reflects growing confidence in Bitcoin as a hedge against fiat currency depreciation.
The transaction complies with HKEX rules, ensuring it remains below the 5% threshold for disclosure during the general offer period.
Despite the recent surge, the company's current market capitalization stands at HK$1.14 billion, with a technical sentiment consensus rating of 'Sell'.
On February 17, 2025, shares of HK Asia Holdings Limited, a Hong Kong-based investment firm, surged nearly 93% following the announcement of its purchase of one Bitcoin.
This acquisition signifies the company's recognition of Bitcoin as a vital store of value amid evolving financial trends.
Year-to-date, the company's stock has shown an impressive price performance increase of 850.0%.
At the time of reporting, HK Asia's stock closed at 5.50 Hong Kong dollars, approaching its June 2019 peak of 6.50 Hong Kong dollars.
The purchase occurred shortly after a leadership change, where a consortium led by UTXO Management and Sora Ventures gained a majority stake in HK Asia.
Cryptocurrency users on social media have expressed excitement over this development, speculating that further Bitcoin purchases could lead to even greater share price increases.
The company has expressed concerns about government stimulus and increasing money supply leading to fiat currency depreciation.
Summary based on 7 sources
Get a daily email with more Crypto stories
Sources

International Business Times • Feb 18, 2025
Bitcoin Effect: HK Investment Firm Sees Shares Surge After Buying Single $BTC
Cointelegraph • Feb 18, 2025
Hong Kong investment firm’s shares surge 93% after buying just 1 Bitcoin
Cointelegraph • Feb 18, 2025
Hong Kong investment firm’s shares surge 93% after buying just 1 Bitcoin
CryptoSlate • Feb 17, 2025
HK Asia's symbolic 1 Bitcoin purchase sparks nearly 93% stock surge