On February 18, after Hong Kong investment company HK Asia Holdings Limited disclosed that it had purchased a bitcoin, its share price nearly doubled in trading on February 17. HK Asia said in a February 16 announcement that it "purchased a total of 1 unit of bitcoin at a price of approximately $96,150" on February 13, "funded by internal resources of the group".
According to Google Finance, the company's shares closed up nearly 93% at HK $5.50 (71 cents) on the Hong Kong Stock Exchange on Monday, close to the June 2019 high of HK $6.50 (84 cents).
Hong Kong investment firm HK Asia's share price rose 93% after buying 1 bitcoin
2025-02-18 01:05:33
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