HK Asia Holdings said on February 13 that they bought one Bitcoin, calling it a “symbolic” investment. After the news, the company’s stock price went up by 93% from February 13 to 17.
The stock reached 5.50 HKD (about $0.71), but it has since dropped a little, staying around 4.50 HKD at the time of this writing.
By buying Bitcoin, HK Asia Holdings is joining more companies and governments that are investing in cryptocurrency. This could be a good sign for projects like BTC Bull, which want to benefit from a rise in Bitcoin prices.
Bitcoin Adoption Around the World El Salvador became the first country to make Bitcoin legal money on June 21, 2024, followed by the Central African Republic in 2022 (but they changed their mind in 2023). Many other countries have also added Bitcoin to their national savings..
As of January 2025, governments around the world hold about 2.5% of all Bitcoin (471,000 BTC). It’s hard to know exactly how many countries have Bitcoin, but some examples include:
- The US: 200,000 BTC worth $21.28B, making it the biggest and most powerful government in the crypto world.
- China: 194,000 BTC worth $19.92B, gained through mining and taking assets from the PlusToken scam.
- The UK: 61,000 BTC worth $6.26B, seized from fraud and money laundering cases.
- Ukraine: 46,000 BTC worth $4.85B, donated during the ongoing war.
- Finland: 1,900 BTC worth $207M, mostly from drug-related operations.
More and more public groups and companies have also added Bitcoin to their investments over time.
The American company KULR Technology Group, INC. started a Bitcoin treasury in December 2024 by buying 217.18 BTC for $21 million. On January 6, 2025, they bought more, bringing their Bitcoin reserves to $42 million.
Rumble also made a big move, buying Bitcoin for the first time just before Trump’s official inauguration on January 20.
Not all Bitcoin investments have helped stocks go up for investors. Lead Benefit, a part of Hong Kong’s Ming Shing Holdings, bought 500 BTC for $47 million in January 2025. But even with this, the company’s stock has fallen by almost 40% since then.
Strategy (formerly MicroStrategy) had a lot of success after it bought 478,000 BTC, at an average price of $65,000. This increased the company’s value to $85 billion. Other companies have tried to do the same but have not been as good with Bitcoin-based investments.
US States Push for Bills to Add Bitcoin and Gold to State Reserves
The 2025 Inflation Protection Act would allow states to add Bitcoin and gold to their reserves. Utah has also made progress with its bill HB230, and Dennis Porter said the bill has moved on to the Utah Senate.
Arizona’s Strategic Bitcoin Reserve Act has also been sent to the Senate for approval, and Kentucky has a similar bill aiming to move 10% of state funds into cryptocurrencies.
Other US states like Ohio, New Hampshire, Pennsylvania, Texas, and Massachusetts are also considering adding digital assets to their reserves.
This growing trend shows that governments now see Bitcoin’s value and are trying to take advantage of it. Some new crypto projects are following the same approach.
BTC Bull Token Supports Bitcoin’s Path to a $5.2T Market Value
BTC Bull Token ($BTCBULL) is an early crypto project that focuses on Bitcoin’s rise. The platform offers new investment chances by giving Bitcoin rewards to holders, making it one of the top altcoins. This means that as Bitcoin grows, BTC Bull is likely to grow too.
Holders will get BTC airdrops when Bitcoin’s price hits $150K and $200K, with a large $BTCBULL airdrop at the $250K mark. This is only available for holders using Best Wallet.
$BTCBULL has had one of the best presales, raising over $2.1M in just a few days.
BTC Bull Token Gains Strong Community Support
HK Asia Holding’s Bitcoin investment is just the latest move in a growing list of companies adding Bitcoin to their portfolios. Japan’s Metaplanet also holds 2,000 BTC, worth $194M, and this helped the company’s stock rise by over 3,900% in 2024.
The new crypto project is getting a lot of support from its community, as shown by its successful presale. The staking pool has gathered over 540 million tokens with an APY of 194%.
One reason for the project’s popularity is its long-term token burn system. For every $25K Bitcoin adds to its price, BTC Bull burns a part of its total supply. This helps push the price up, tying $BTCBULL’s value to Bitcoin’s price.
This is not financial advice. Always do your own research before investing to minimize risks, and never invest more than you can afford to lose.
The post HK Asia Holdings buys a single Bitcoin, and its stock price jumps more than 90%. Could this signal the start of a Bitcoin bull run? appeared first on The Cryptoplay : All updates about Cryptocurrency worldwide.
