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.

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.