HK Asia Holdings (1723) said it bought another 10 Bitcoin (BTC) for $ 858,581.
The Thursday purchase took the Hong Kong-note company’s total amount to around 18.88 BTC at a price of approx. 1.72 million dollars. The acquisitions were made through open market transactions and financed through internal cash reserves.
In a statement, the company said it considers Bitcoin as a viable value of value in the midst of global economic uncertainty, inflation -concerned concerns, and expansion of the use of cryptocurrencies in investment strategies as well as “its potential to act as an effective hedge against depreciation of Fiat currency.”
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