1 week ago
HK Asia Holdings (1723) said it bought different 10 bitcoin (BTC) for $858,581.
The Thursday acquisition took the Hong Kong-listed company's full to astir 18.88 BTC astatine a outgo of astir $1.72 million. The acquisitions were made via unfastened marketplace transactions and funded done interior currency reserves.
In a statement, the institution said it views bitcoin arsenic a viable store of value amid planetary economical uncertainty, ostentation concerns and expanding usage of cryptocurrencies successful concern strategies arsenic good arsenic "its imaginable to enactment arsenic an effectual hedge against depreciation of fiat currencies." Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, spot CoinDeskâs afloat AI Policy.
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