HK Asia Holdings announced the purchase of one Bitcoin on February 13, calling this investment “symbolic in scale.” Following the public announcement, the company’s stocks surged by 93% between February 13 and 17.
This increase catapulted the stock to 5.50 HKD (Hong Kong Dollars) which is the equivalent of $0.71. While the price has fluctuated since, it still maintains around 4.50 HKD at the time of writing this article.
HK Asia Holding has joined a growing trend of public and governmental Bitcoin investors that have put their trust in the crypto market. This is potentially bullish for projects like BTC Bull which aims to capitalize on Bitcoin’s bull run.
Countries and Firms Adopt Bitcoin at a Large Scale
El Salvador was the first country to adopt Bitcoin as a legal tender on 21st of June, 2024, followed by the Central African Republic in 2022 (CAR eventually overturned the decision in 2023).
Numerous countries have also included BTC among their treasury assets.
As of January, 2025, governments around the globe hold up to 2.5% of Bitcoin’s total supply (471,000 BTC). The exact number of countries with Bitcoin investments is difficult to approximate, but some notable examples include:
- The US: 200K BTC worth $21.28B, making the US the largest and most influential government in the crypto space.
- China: 194K BTC worth $19.92B, acquired from mining and seizing the assets of PlusToken following the dismantle of its Ponzi Scheme.
- UK: 61K BTC worth $6.26B coming through seizures from fraud and money laundering operations.
- Ukraine: 46k BTC worth $4.85B from public donations during its ongoing war.
- Finland: 1.9K BTK worth $207M with many of the assets coming from narcotics operations.
A growing number of public institutions and firms have also added Bitcoin to their portfolio over the years.
The American KULR Technology Group, INC. launched a Bitcoin treasury in December, 2024, with a purchase of 217.18 BTC ($21M). The company doubled down on January 6, 2025, increasing its BTC reserves to $42M.
Rumble is another high-profile player that announced its first Bitcoin purchase just before Trump’s official inauguration on January 20.
However, not all Bitcoin investments have led to stock increases for investors. Lead Benefit, a subsidiary of Hong-Kong-based Ming Shing Holdings, has announced a 500 BTC purchase ($47M) in January, 2025. Despite this, the company’s stocks have declined by almost 40% since.
Strategy (former MicroStrategy) also saw immense success in this sphere, after it formed a reserve of 478K BTC, purchased at an average price of $65K, which took the company’s market cap to $85B. Other companies have tried to replicate this success, but lacked the proficiency required to work with BTC-based derivatives.
US States Push Bills to Diversify State Treasury with Bitcoin and Gold
The 2025 Inflation Protection Act would allow the addition of crypto and precious metals to the state treasury. Utah has also taken important steps in this direction through its bill HB230, with Dennis Porter announcing that the bill has moved onto the Utah Senate.
Arizona’s Strategic Bitcoin Reserve Act also went into the Senate for approval, mirrored by Kentucky, whose bill aims to move 10% of state funds into cryptos.
Numerous other US states consider diversifying their digital asset pool, including Ohio, New Hampshire, Pennsylvania, Texas, and Massachusetts.
This growing trend shows that public and governmental institutions now understand Bitcoin’s value and try to capitalize on it. Some upcoming crypto projects have adopted a similar strategy.
BTC Bull Token Supports Bitcoin’s Road to a $5.2T Market Valuation
BTC Bull Token ($BTCBULL) is an early crypto project whose foundation rests on Bitcoin’s bull trend. The platform offers new investment opportunities by rewarding holders with Bitcoin airdrops, making this one of the best altcoins available. This means that the more successful BTC becomes, the likelier it is that BTC Bull will follow suit.
Holders will receive BTC airdrops when Bitcoin’s price reaches its $150K and $200K milestones, followed by a massive $BTCBULL airdrop at the $250K mark. This is only an option for hodlers using Best Wallet.
$BTCBULL currently has one of the best presales after accumulating over $2.1M over the course of several days.
BTC Bull Token Enjoys Massive Community Approval
HK Asia Holding’s BTC investment is just the latest entry in a long line of companies adopting and diversifying their crypto portfolios. Japan’s Metaplanet also currently holds 2K BTC, valued at $194M, which caused the company’s stock to climb over 3.900% during 2024.
The new crypto project is currently seeing considerable community approval, which is evident from how well the presale is going. The total staking pool has amassed over 540M tokens with an APY of 194%.
Part of the project’s appeal also comes from its long-term token burn system. For every 25K that Bitcoin adds to its price, BTC Bull burns a percentage of its total supply. This creates upwards price pressure, linking $BTCBULL’s price evaluation to that of Bitcoin.
This does not constitute financial advice. Always DYOR (Do Your Own Research) before investing to minimize risks, and remember to never invest more than you can afford to lose.
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