HK Asia Holdings Expands Bitcoin Reserves as a Hedge Against Weakening Fiat Currencies

HK Asia Holdings Increases Bitcoin Holdings as a Hedge Against Currency Devaluation

HK Asia Holdings (1723) has further expanded its Bitcoin investment, acquiring an additional 10 BTC for approximately $858,581.

Following this latest purchase, the Hong Kong-listed firm now holds a total of 18.88 BTC, with a cumulative investment of about $1.72 million. The acquisitions were executed through open market transactions and financed using internal cash reserves.

In a company statement, HK Asia Holdings reaffirmed its belief in Bitcoin as a long-term store of value, citing concerns over global economic instability, inflationary risks, and the increasing role of cryptocurrencies in diversified investment strategies. The firm highlighted Bitcoin’s potential to serve as an effective safeguard against the depreciation of traditional fiat currencies.