bitcoin
Bitcoin (BTC) $ 96,247.79
ethereum
Ethereum (ETH) $ 2,674.66
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 649.34
xrp
XRP (XRP) $ 2.57
cardano
Cardano (ADA) $ 0.765939
usd-coin
USDC (USDC) $ 1.00
matic-network
Polygon (MATIC) $ 0.294128
binance-usd
BUSD (BUSD) $ 0.996607
dogecoin
Dogecoin (DOGE) $ 0.241505
okb
OKB (OKB) $ 49.13
polkadot
Polkadot (DOT) $ 5.12
shiba-inu
Shiba Inu (SHIB) $ 0.000015
tron
TRON (TRX) $ 0.238023
uniswap
Uniswap (UNI) $ 8.70
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,220.78
dai
Dai (DAI) $ 1.00
litecoin
Litecoin (LTC) $ 128.06
staked-ether
Lido Staked Ether (STETH) $ 2,670.20
solana
Solana (SOL) $ 170.92
avalanche-2
Avalanche (AVAX) $ 25.03
chainlink
Chainlink (LINK) $ 17.43
cosmos
Cosmos Hub (ATOM) $ 4.82
the-open-network
Toncoin (TON) $ 3.57
ethereum-classic
Ethereum Classic (ETC) $ 20.12
leo-token
LEO Token (LEO) $ 9.72
filecoin
Filecoin (FIL) $ 3.31
bitcoin-cash
Bitcoin Cash (BCH) $ 316.51
monero
Monero (XMR) $ 232.29
Saturday, February 22, 2025
spot_img
bitcoin
Bitcoin (BTC) $ 96,247.79
ethereum
Ethereum (ETH) $ 2,674.66
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 649.34
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.57
binance-usd
BUSD (BUSD) $ 0.996607
dogecoin
Dogecoin (DOGE) $ 0.241505
cardano
Cardano (ADA) $ 0.765939
solana
Solana (SOL) $ 170.92
matic-network
Polygon (MATIC) $ 0.294128
polkadot
Polkadot (DOT) $ 5.12
tron
TRON (TRX) $ 0.238023
HomeCryptoAltcoinsHK Asia Holdings Buys One Bitcoin and Its Shares Surge by Over...

HK Asia Holdings Buys One Bitcoin and Its Shares Surge by Over 90%. Will BTC Bull Explode?

HK Asia Holdings introduced the acquisition of 1 Bitcoin on February 13, calling this funding “symbolic in scale.” Following the general public announcement, the corporate’s shares surged by 93% between February 13 and 17.

This enhance catapulted the inventory to five.50 HKD (Hong Kong {Dollars}) which is the equal of $0.71. Whereas the worth has fluctuated since, it nonetheless maintains round 4.50 HKD on the time of writing this text.

HK Asia Holding has joined a rising pattern of public and governmental Bitcoin buyers which have put their belief within the crypto market. That is probably bullish for tasks like BTC Bull which goals to capitalize on Bitcoin’s bull run.

International locations and Companies Undertake Bitcoin at a Massive Scale

El Salvador was the primary nation to undertake Bitcoin as a authorized tender on twenty first of June, 2024, adopted by the Central African Republic in 2022 (CAR ultimately overturned the choice in 2023).

Quite a few international locations have additionally included BTC amongst their treasury belongings.

El Salvador exceeds 6000 BTC

As of January, 2025, governments across the globe maintain as much as 2.5% of Bitcoin’s whole provide (471,000 BTC). The precise variety of international locations with Bitcoin investments is troublesome to approximate, however some notable examples embody:

  • The US: 200K BTC value $21.28B, making the US the most important and most influential authorities within the crypto house.
  • China: 194K BTC value $19.92B, acquired from mining and seizing the belongings of PlusToken following the dismantle of its Ponzi Scheme.
  • UK: 61K BTC value $6.26B coming by seizures from fraud and cash laundering operations.
  • Ukraine: 46k BTC value $4.85B from public donations throughout its ongoing battle.
  • Finland: 1.9K BTK value $207M with lots of the belongings coming from narcotics operations.

A rising variety of public establishments and corporations have additionally added Bitcoin to their portfolio through the years.

BTC in treasuries

The American KULR Expertise Group, INC. launched a Bitcoin treasury in December, 2024, with a purchase order of 217.18 BTC ($21M). The corporate doubled down on January 6, 2025, rising its BTC reserves to $42M.

Rumble is one other high-profile participant that introduced its first Bitcoin buy simply earlier than Trump’s official inauguration on January 20.

Rumble RUM purchased BTC

Nevertheless, not all Bitcoin investments have led to inventory will increase for buyers. Lead Profit, a subsidiary of Hong-Kong-based Ming Shing Holdings, has introduced a 500 BTC buy ($47M) in January, 2025. Regardless of this, the corporate’s shares have declined by nearly 40% since.

Technique (former MicroStrategy) additionally noticed immense success on this sphere, after it fashioned a reserve of 478K BTC, bought at a mean value of $65K, which took the corporate’s market cap to $85B. Different corporations have tried to duplicate this success, however lacked the proficiency required to work with BTC-based derivatives.

US States Push Payments to Diversify State Treasury with Bitcoin and Gold

The 2025 Inflation Safety Act would enable the addition of crypto and treasured metals to the state treasury. Utah has additionally taken necessary steps on this path by its invoice HB230, with Dennis Porter saying that the invoice has moved onto the Utah Senate.

Dennis Porter announces Utah strategic BTC reserve

Arizona’s Strategic Bitcoin Reserve Act additionally went into the Senate for approval, mirrored by Kentucky, whose invoice goals to maneuver 10% of state funds into cryptos.

Quite a few different US states take into account diversifying their digital asset pool, together with Ohio, New Hampshire, Pennsylvania, Texas, and Massachusetts.

This rising pattern reveals that public and governmental establishments now perceive Bitcoin’s worth and attempt to capitalize on it. Some upcoming crypto tasks have adopted the same technique.

BTC Bull Token Helps Bitcoin’s Highway to a $5.2T Market Valuation

BTC Bull Token ($BTCBULL) is an early crypto undertaking whose basis rests on Bitcoin’s bull pattern. The platform gives new funding alternatives by rewarding holders with Bitcoin airdrops, making this top-of-the-line altcoins out there. Because of this the extra profitable BTC turns into, the likelier it’s that BTC Bull will observe swimsuit.

BTC Bull Token roadmap

Holders will obtain BTC airdrops when Bitcoin’s value reaches its $150K and $200K milestones, adopted by an enormous $BTCBULL airdrop on the $250K mark. That is solely an possibility for hodlers utilizing Finest Pockets.

$BTCBULL at present has top-of-the-line presales after accumulating over $2.1M over the course of a number of days.

BTC Bull Token Enjoys Huge Group Approval

HK Asia Holding’s BTC funding is simply the most recent entry in an extended line of corporations adopting and diversifying their crypto portfolios. Japan’s Metaplanet additionally at present holds 2K BTC, valued at $194M, which precipitated the corporate’s inventory to climb over 3.900% throughout 2024.

The brand new crypto undertaking is at present seeing appreciable group approval, which is obvious from how properly the presale goes. The entire staking pool has amassed over 540M tokens with an APY of 194%.

A part of the undertaking’s enchantment additionally comes from its long-term token burn system. For each 25K that Bitcoin provides to its value, BTC Bull burns a share of its whole provide. This creates upwards value strain, linking $BTCBULL’s value analysis to that of Bitcoin.

This doesn’t represent monetary recommendation. All the time DYOR (Do Your Personal Analysis) earlier than investing to attenuate dangers, and keep in mind to by no means make investments greater than you possibly can afford to lose.

HK Asia Holdings Buys One Bitcoin and Its Shares Surge by Over 90%. Will BTC Bull Explode?

RELATED ARTICLES

Most Popular