Another Asian Company Begins Investing in Bitcoin

Hong Kong Asia Holdings Limited has made its first move into Bitcoin, completing its initial asset allocation as part of a broader shift following its acquisition by UTXO Management.

This marks a significant transition for the company as it aligns with a Bitcoin-focused investment strategy.

According to a filing with the Hong Kong Stock Exchange, the firm used internal funds to acquire one Bitcoin from the open market for approximately $96,150 (HK$750,000). This purchase signals the beginning of its commitment to Bitcoin as a key asset.

UTXO Management, a subsidiary of BTC Inc.—the parent company of Bitcoin Magazine—has a history of executing successful Bitcoin investment strategies.

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It previously spearheaded a Bitcoin-centric approach at Japan’s Metaplanet, which became one of the top-performing stocks in 2024. The acquisition of Hong Kong Asia Holdings suggests a similar plan to leverage Bitcoin’s increasing institutional appeal.

Alongside this strategic pivot, the company is expanding its presence in Asia by appointing four new board members, including BTC Inc. founder David Bailey and co-founder John Riggins.

Additionally, it plans to undergo a rebrand, adopting the name “Moon Inc.” to reflect its new direction.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.