HK Asia Holdings declared the acquisition of one Bitcoin on February 13, referring to this investment as “symbolic in size.” Following this public declaration, the firm’s shares soared by 93% from February 13 to 17.
This surge propelled the stock to 5.50 HKD (Hong Kong Dollars), equivalent to $0.71. Although the price has varied since, it still hovers around 4.50 HKD as of the time of composing this article.
HK Asia Holding has joined an expanding trend of public and governmental Bitcoin investors that have placed their confidence in the crypto market. This could be potentially optimistic for ventures like BTC Bull, which aims to leverage Bitcoin’s bullish momentum.
Nations and Corporations Embrace Bitcoin on a Grand Scale
El Salvador became the pioneering nation to recognize Bitcoin as legal tender on June 21, 2024, shortly followed by the Central African Republic in 2022 (CAR eventually retracted this decision in 2023).
A multitude of nations have also incorporated BTC within their treasury assets.
As of January 2025, governments worldwide hold approximately 2.5% of Bitcoin’s total supply (471,000 BTC). The precise count of countries investing in Bitcoin is challenging to estimate, but some prominent instances include:
The US: 200K BTC valued at $21.28B, making the US the foremost and most impactful government in the crypto ecosystem.
China: 194K BTC valued at $19.92B, obtained from mining and confiscating assets from PlusToken following the dismantling of its Ponzi Scheme.
UK: 61K BTC valued at $6.26B acquired through seizures from fraudulent and money laundering operations.
Ukraine: 46k BTC valued at $4.85B from public donations amidst its ongoing conflict.
Finland: 1.9K BTC valued at $207M with many of the assets originating from narcotics operations.
An increasing number of public entities and companies have also incorporated Bitcoin into their portfoliosover the years.
The American KULR Technology Group, INC. initiated a Bitcoin treasury in December 2024, with the acquisition of 217.18 BTC ($21M). The firm reaffirmed its commitment on January 6, 2025, boosting its BTC reserves to $42M.
Rumble represents another high-profile entity that disclosed its initial Bitcoin purchase just prior to Trump’s official inauguration on January 20.
Nevertheless, not all Bitcoin ventures have resulted in stock increases for investors. Lead Benefit, a subsidiary of Hong-Kong-based Ming Shing Holdings, announced a 500 BTC acquisition ($47M) in January 2025. Despite this, the company’s shares have dropped by nearly 40% since then.
Strategy (previously MicroStrategy) also witnessed monumental success in this arena after amassing a reserve of 478K BTC, purchased at an average price of $65K, which elevated the firm’s market capitalization to $85B. Other companies have sought to imitate this success but fell short of the necessary expertise to handle BTC-based derivatives.
US States Advocate Bills to Diversify State Treasury with Bitcoin and Gold
The 2025 Inflation Protection Act would permit the inclusion of crypto and precious metals in the state treasury. Utah has also made significant strides in this regard through its bill HB230, with Dennis Porter announcing that the bill has progressed to the Utah Senate.
Arizona’s Strategic Bitcoin Reserve Act has also moved into the Senate for endorsement, mirrored by Kentucky, whose legislation intends to allocate 10% of state funds to cryptocurrencies.
Several other US states are evaluating the prospect of diversifying their digital asset allocations, including Ohio, New Hampshire, Pennsylvania, Texas, and Massachusetts.
This rising trend indicates that public and governmental institutions are now recognizing Bitcoin’s worth and are attempting to take advantage of it. Some forthcoming crypto initiatives have adopted a comparable strategy.
BTC Bull Token Bolsters Bitcoin’s Path to a $5.2T Market Valuation
BTC Bull Token ($BTCBULL) is an early crypto initiative whose foundation is built on Bitcoin’s bullish trend. The platform provides fresh investment possibilities by rewarding holders with Bitcoin airdrops, making it one of the most attractive altcoins available. Consequently, the more prosperous BTC becomes, the more likely it is that BTC Bull will thrive.
Owners will receive BTC airdrops when Bitcoin’s price hits its milestones of $150K and $200K, followed by a considerable $BTCBULL airdrop at the $250K benchmark. This option is exclusively available for hodlers utilizing Best Wallet.
$BTCBULL currently boasts one of the most successful presales after amassing over $2.1M over several days.
BTC Bull Token Receives Significant Community Support
HK Asia Holding’s BTC investment is merely the latest example in a lengthy series of companies adopting and diversifying their crypto holdings. Japan’s Metaplanet presently holds 2K BTC, valued at $194M, which caused the company’s stock to soar over 3,900% during 2024.
The new crypto initiative is currently enjoying substantial community backing, as evidenced by the impressive performance of its presale. The total staking pool has garnered over 540M tokens with an APY of 194%.
A portion of the project’s allure also stems from its long-term token burn mechanism. For every 25K that Bitcoin increases in its price, BTC Bull incinerates a percentage of its total supply. This generates upward price pressure, connecting $BTCBULL’s price valuation to that of Bitcoin.
This does not represent financial guidance. Always conduct your own research (DYOR) prior to investing to mitigate risks, and remember to only invest what you can afford to lose.
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