HK Asia Holdings Limited has continued to expand its Bitcoin portfolio by purchasing an additional 7.88 BTC for $761,705 on February 20. The transaction was approved by the company's board of directors, bringing the company's total Bitcoin holdings to 8.88 BTC at an average price of $97,021 per coin, for an estimated total value of $861,500.

Aggressive Bitcoin Investment Strategy

The decision to increase its Bitcoin holdings comes just a week after HK Asia first invested in the cryptocurrency on February 16. Notably, following its initial purchase, HK Asia’s stock price soared 93% by the close of trading on February 17. The rally continued as the company’s shares rose another 5.7% on February 24, trading at HK$6.66 (about US$0.86). If this trend continues, HK Asia shares could surpass the all-time high of HK$6.50 reached in June 2019, recording a 1,700% increase by 2025 alone.

Commitment to Crypto

HK Asia’s entire Bitcoin purchase was funded internally, reflecting the company’s strong belief in the long-term value of digital assets. The company’s board of directors highlighted that “the growing popularity of cryptocurrencies in the commercial world” is the main driver behind its Bitcoin investment strategy.

Although these acquisitions do not exceed the legal disclosure threshold, HK Asia has proactively disclosed information to maintain transparency and attract investor interest. The move also reflects the general trend of public companies globally looking at Bitcoin as a means to grow profits and diversify asset portfolios.

Bitcoin Market Landscape

While HK Asia is stepping up its investment, Bitcoin price has remained stable over the past 24 hours, down less than 1% and trading around $95,537. The cryptocurrency has struggled to break above the psychological $100,000 mark since February 5 and is currently down about 12% from its peak of $108,786 on January 20.

Global Bitcoin Investment Trends

HK Asia is not the only company stepping up its investment in Bitcoin. MicroStrategy, a leading business intelligence company, recently announced plans to raise $2 billion through a 0% senior convertible bond to continue buying Bitcoin. MicroStrategy currently holds 478,740 BTC, worth about $47 billion at an average price of $65,000 per coin. This strategy has helped the company record a 51% return, leading to a 360% increase in the stock price over the past year.

Not only private companies, some US states such as Illinois, Kentucky, Ohio and Texas are also considering bills to allow holding Bitcoin as a reserve asset. In addition, Metaplanet has just expanded its investment portfolio by purchasing an additional 68.59 BTC for a total value of about $6.6 million.

Future Vision

Looking ahead, HK Asia is showing a strong commitment to the cryptocurrency market, while capturing the general trend of large enterprises globally. If it continues to maintain this investment strategy, the company can make significant strides in the digital asset sector, taking advantage of Bitcoin's long-term growth potential in the context of the market increasingly accepting cryptocurrencies as part of the global financial system.