TLDR
HK Asia Holdings Limited purchased one Bitcoin for $96,150, causing their stock to surge 93% to 5.50 HKD ($0.71)
Construction firm Ming Shing’s subsidiary bought 500 BTC for $47 million but saw a 40% stock decline
Metaplanet has accumulated 2,031.5 BTC ($194.7 million) since April 2023, with its stock rising 3,900%
Strategy (formerly MicroStrategy) attracted $330 million from state pension funds and treasuries
Institutional Bitcoin investments are increasing despite market volatility
Asian corporations are increasingly adding Bitcoin to their balance sheets, with Hong Kong-based HK Asia Holdings Limited becoming the latest entrant after purchasing a single Bitcoin. The investment, made on February 13, 2025, cost the firm approximately $96,150 using internal funds.
The market response to HK Asia’s Bitcoin acquisition proved unexpectedly strong. The company’s stock price jumped nearly 93% following the announcement, reaching 5.50 HKD ($0.71). This marked the highest trading level for HK Asia shares since June 2019.
The purchase comes as part of a broader trend of Asian companies investing in digital assets. In January 2025, another Hong Kong-based firm, Ming Shing, made headlines when its subsidiary Lead Benefit acquired 500 Bitcoin for roughly $47 million. However, Ming Shing’s stock performance tells a different story, with shares dropping about 40% since the start of the year.
Japanese firm Metaplanet has emerged as one of the region’s most active Bitcoin investors. Since beginning its accumulation strategy in April 2023, the company has built a position of 2,031.5 BTC, valued at approximately $194.7 million at current prices. Metaplanet’s stock price has responded favorably, surging by 3,900% over the past year.
HK Asia cited concerns about fiat currency depreciation as a key motivation for its Bitcoin purchase. The company views Bitcoin as a potential hedge against economic uncertainty, following a pattern established by other corporate investors.
Strategy, formerly known as MicroStrategy, continues to lead corporate Bitcoin investment globally. The company’s approach has gained credibility among institutional investors, with U.S. state pension funds and treasuries investing $330 million by the end of 2024.
HK Asia’s decision to purchase Bitcoin using internal funds demonstrates corporate confidence in the cryptocurrency as a treasury asset. The company made its purchase at approximately $96,150 per Bitcoin, showing willingness to invest despite price volatility.
The reaction to HK Asia’s relatively small Bitcoin purchase highlights the market’s sensitivity to corporate crypto investments. A single Bitcoin purchase triggered a near-doubling of the company’s stock price, suggesting investors view such moves favorably.
Ming Shing’s larger investment of 500 Bitcoin, while representing a more substantial commitment to cryptocurrency, has not translated into positive stock performance. The company’s shares have declined this year despite the size of its Bitcoin position.
Metaplanet’s success offers a contrast to Ming Shing’s experience. The Japanese firm’s steady accumulation of Bitcoin since April 2023 has coincided with extraordinary stock appreciation, though other factors may have contributed to this performance.
Strategy’s ability to attract institutional investment shows growing acceptance of Bitcoin among traditional financial players. The $330 million invested by state pension funds and treasuries represents a shift in how these conservative institutions view cryptocurrency assets.
Asia’s Bitcoin Buying Spree
Corporate Bitcoin investments continue despite market fluctuations. Companies like HK Asia, Ming Shing, and Metaplanet have made their purchases at various price points, suggesting long-term confidence in Bitcoin’s value proposition.
The timing of HK Asia’s purchase, at $96,150 per Bitcoin, places it among the higher entry points for corporate investors. However, the market response indicates investors may be more focused on the strategy itself than the entry price.
Asian companies appear to be following the model established by Strategy, viewing Bitcoin as a treasury asset and potential hedge against economic uncertainty. This pattern suggests growing regional interest in cryptocurrency as a corporate investment.
Recent corporate Bitcoin purchases have occurred across different scales, from HK Asia’s single coin to Ming Shing’s 500 BTC investment and Metaplanet’s larger position of over 2,000 BTC.
