CandleFocus As Bitcoin Plummets, Giant Asian Company Announces Massive Bitcoin Purchase
2025-01-13
Author: Content Editor
Ming Shing Group Holdings, a Hong Kong construction company, has entered the cryptocurrency market by purchasing 500 Bitcoins worth around $47 million. The company aims to use idle funds for short-term investment and capture potential appreciation in Bitcoin's value, while maintaining the flexibility to liquidate assets and reinvest in its core construction trades business. The acquisition was completed on January 9, 2025, and the company's director expressed confidence that the investment would drive growth and create significant value for shareholders. Ming Shing's subsidiary, Lead Benefit (HK) Limited, recently merged with Lead Benefit International Limited as its sole shareholder.
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