Shares in HK Asia Holdings Limited nearly doubled after it bought its first Bitcoin a week ago, and now the investment firm just bought another 7 BTC.
HK Asia Holdings Limited has increased its Bitcoin holdings to nearly 9 BTC, just a week after the investment firm saw its share prices double after buying its first Bitcoin.
HK Asia, a Hong Kong-based investment firm, said in a Feb. 23 announcement that its board “has approved the Company to further increase its investment in Bitcoin” and shared that on Feb. 20, it purchased around 7.88 Bitcoin (BTC) for a total cost of around $761,705.
It added that its latest Bitcoin buy was financed through internal resources and brought its total Bitcoin holdings to around 8.88 BTC, which it bought at an average cost of $97,021 per coin — around $861,500 in total.
