Nasdaq-listed construction services provider Mingcheng Group Holdings Ltd announced Wednesday that it has signed a bitcoin purchase agreement to purchase 4,250 bitcoins.
The Hong Kong-based company entered into a $482.90 million deal with Winning Mission Group, a company registered in the British Virgin Islands, which will sell 4,250 bitcoins at an average price of $113,638 per bitcoin.
The transaction is expected to be completed by the end of the year and will not be paid in cash. The announcement said that Mingsheng will issue convertible promissory notes and warrants to the sellers. Affected by the news, the company's stock MSW rose 29% at one point on Wednesday. It closed the day up 11.5% at $1.65.
Hong Kong construction firm reaches $483 million bitcoin purchase agreement to pre-purchase 4,250 bitcoins
2025-08-21 02:04:58
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
香港建筑公司达成4.83亿美元比特币购买协议，预购买4,250枚比特币Next article：
ETH跌破4300美元
