NEWSLETTER
HK Asia Holdings (HKEX: 1723), which will soon be renamed Moon Inc., has made history as the first company that quotes in the stock market in Gran China to adopt a bitcoin Treasury strategy. In <a target="_blank" href="https://creators.spotify.com/pod/show/bitcoin-magazine-po/episodes/1723-HK-The-MicroStrategy-of-Hong-Kong-w-CEO-John-Riggins-e30jqr7″ target=”_blank” rel=”noopener”>Recent discussion Organized by Allen Helm from bitcoin for corporationsThe new CEO John Riggins described the company's pivot, its regulatory alignment with Hong Kong and the broader impulse construction in Asia.
Riggins, a bitcoin defender for a long time with extensive experience in China and Southeast Asia, explained that the measure was promoted by both long -term conviction and by a favorable change in the regulatory position in Hong Kong. He said the company had spent months consulting with regulators, public market investors and local partners before executing the transition.
Originally focused on SIM cards and prepaid technological products, HK Asia Holdings now aims to integrate bitcoin as a general balance asset and its business model. This includes plans to launch bitcoin -related offers through its retail footprint, such as ATMs and prepaid bitcoin products.
The company's first steps included the acquisition of 8.88 btc for a period after the acquisition, followed by another 10 btc purchase once the leadership transition was completed, which carries its total holdings to 18.88 btc, valued at more than $ 1.7 million at the time of the announcement. Riggins said that a greater accumulation is planned, although it will proceed in accordance with the measured but transparent regulatory guide of Hong Kong.
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“We see it as a way to protect our balance sheet, and we see it as a way of diversifying, our treasure with one eye on how the rest of the world moves,” Riggins said.
The strategic intention goes far beyond speculation. Riggins framed bitcoin as a coverage against macro uncertainty, a tool for long -term resilience and a bridge for emerging global financial infrastructure. He also emphasized how corporate joints in the region are beginning to commit more seriously with the idea, pointing to Metaplanet in Japan and the strategy in the United States as convincing precedents.
While bitcoin's corporate adoption of Asia is still in its early stages, interest is growing rapidly. Riggins highlighted South Korea, Thailand, Malaysia and Indonesia as markets with a clear potential to do the same. Much of the movement, he said, is happening in silence behind the scene, especially in China, where institutional stakeholders and investors connected to the State are actively monitoring the policy changes of the United States and corporate adoption trends.
“I am flooded with more and more messages of, people in the government, people, you know, institutional investors who are observing this space looking for privileged information about what is happening here,” Riggins said.
Although Riggins has not announced formal public movements, Riggins believes that bitcoin is already being carried out indirectly through organizations affiliated with the government, including investment weapons connected to the State. He suggested that these holdings can be more significant than what is known publicly. With the United States advancing towards a strategic bitcoin reserve, he sees China watching closely, and potentially followed, if the impulse of global policy continues to change.
Looking towards the future, Moon Inc. plans to expand its bitcoin holdings within the regulatory framework of Hong Kong and serve as a model for other Asian companies that explore similar strategies. The company will co-organize bitcoin Asia this August in Hong Kong, positioning itself as a regional pioneer and helping to catalyze a broader corporate adoption in Asia.
Discharge of responsibility: This content was written on behalf of bitcoin for Corporations. This article is intended only for informative purposes and should not be interpreted as an invitation or application to acquire, buy or subscribe for values. To obtain full transparency, keep in mind that btc Inc., the parent company of Utxo Management, has a participation in HK Asia Holdings Limited (1723.hk) in association with Sora Ventures and other entities.
