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Bitcoin had experienced a 2x Rise: That Company Made Another Purchase! - Coin Bulletin
HK Asia Holdings announced that it has increased its Bitcoin (BTC) investments to approximately 9 BTC.
Hong Kong-based investment firm HK Asia Holdings Limited announced on February 23 that the company's board of directors has decided to increase its Bitcoin investments.
The company stated that it purchased approximately 7.88 BTC on February 20th and spent $761,705 for this.
HK Asia announced that it financed the new Bitcoin purchase with internal resources and increased their total Bitcoin assets to approximately 8.88 BTC at an average cost of 97.021 dollars. The company's total Bitcoin investment has reached approximately 861,500 dollars.
On February 24th, at the Hong Kong Stock Exchange, HK Asia shares traded up 5.7% to 6.66 Hong Kong dollars until the lunch break. It traded at approximately 86 cents(.
The company, which announced that it only purchased 1 BTC symbolically on February 16, experienced significant movement in its shares after this news.
On February 17, when the markets reopened, the company's stock prices showed an increase of %93.