HK Asia Holdings Ltd Shares Skyrocket 92% After Buying 1 Bitcoin

[Suba]

HK Asia Holdings Limited is an investment company based in Hong Kong, on Monday Feb 17, 2025 announced that the company had bought one Bitcoin for US$96,150 on Sunday Feb 16, 2025, after this announcement the price of HK Asia Holdings Ltd shares on the Hong Kong Stock Exchange immediately skyrocketed 92% or to HK$5.50, but today when I created this thread the price of HK Asia shares has fallen to HK$4.60.

Bitcoin is increasingly being adopted by modern businesses, especially as a store of value asset, especially to deal with domestic or global economic uncertainty.

 

[Miley]

I am not surprised that it's share holdings value would increase after buying one bitcoin. The truth is that Bitcoin added extra value to the company by association.