HK Asia Holdings (1723) said it bought another 10 Bitcoin (BTC) for $ 858,581.
The purchase of Thursday took the whole company listed in Hong Kong up to around 18.88 BTC for $ 1.72 million. The acquisitions are made through open market transactions and are funded by internal cash reserves.
In a statement, the company said it views bitcoin as a viable value In the midst of global economic uncertainty, inflation concerns and expanding the use of cryptocurrencies in investment techniques as well as its “potential to act as an effective fence against the losses of fiat currencies.”
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