Ming Shing stock gains on plans to build Hong Kong’s largest BTC treasury
The post Ming Shing stock gains on plans to build Hong Kong’s largest BTC treasury appeared on BitcoinEthereumNews.com. Ming Shing, a Hong Kong-listed company, announced on Wednesday, 20 August, that it has entered into an agreement to purchase 4,250 BTC valued at approximately $483 million. The acquisition, priced at the current BTC price of $113,638, would place Ming Shing as the largest holder of Bitcoin among Bitcoin treasuries in Hong Kong. Boyaa Interactive, currently holding 3,350 BTC, would be surpassed as the leading Bitcoin treasury in Hong Kong. The agreement will be financed through the issuance of convertible notes and warrants instead of cash. Ming Shing, a construction company, will issue 3% of 10-year convertible notes and 12-year warrants that cover a total of 402,467,916 shares. The transaction is set to close by December 31, 2025. Ming Shing to lead Hong Kong BTC treasuries with 4,250 BTC acquisition The construction company has joined the Hong Kong-listed firms with Bitcoin reserves in a growing industry wave of publicly listed companies forming Bitcoin treasuries as an alternative financial strategy. The trend follows early adopters like Strategy and Metaplanet. As of August 2025, 169 publicly traded companies worldwide had adopted the Bitcoin treasury model. Strategy holds the largest portion with approximately 629,000 BTC valued at approximately $71 billion. Ming Shing Group’s recent acquisitions include a 500 BTC purchase in January 2025 and 333BTC in both February and March, positioning itself as one of the largest Bitcoin treasuries in Hong Kong. The company views crypto assets as a long-term store of value and hedge against inflation. Winning Mission and Rich Plenty Investment Limited, two British Virgin Islands-based firms, are involved in the transaction. Winning Mission, the seller of the 4,250 BTC, will receive $241.48 million in convertible notes and warrants for 201,233,958 shares. Rich Plenty Investment will act as the broker for the transaction between the two entities. The convertibles and warrants…
The post Ming Shing stock gains on plans to build Hong Kong’s largest BTC treasury appeared on BitcoinEthereumNews.com.
Ming Shing, a Hong Kong-listed company, announced on Wednesday, 20 August, that it has entered into an agreement to purchase 4,250 BTC valued at approximately $483 million. The acquisition, priced at the current BTC price of $113,638, would place Ming Shing as the largest holder of Bitcoin among Bitcoin treasuries in Hong Kong. Boyaa Interactive, currently holding 3,350 BTC, would be surpassed as the leading Bitcoin treasury in Hong Kong. The agreement will be financed through the issuance of convertible notes and warrants instead of cash. Ming Shing, a construction company, will issue 3% of 10-year convertible notes and 12-year warrants that cover a total of 402,467,916 shares. The transaction is set to close by December 31, 2025. Ming Shing to lead Hong Kong BTC treasuries with 4,250 BTC acquisition The construction company has joined the Hong Kong-listed firms with Bitcoin reserves in a growing industry wave of publicly listed companies forming Bitcoin treasuries as an alternative financial strategy. The trend follows early adopters like Strategy and Metaplanet. As of August 2025, 169 publicly traded companies worldwide had adopted the Bitcoin treasury model. Strategy holds the largest portion with approximately 629,000 BTC valued at approximately $71 billion. Ming Shing Group’s recent acquisitions include a 500 BTC purchase in January 2025 and 333BTC in both February and March, positioning itself as one of the largest Bitcoin treasuries in Hong Kong. The company views crypto assets as a long-term store of value and hedge against inflation. Winning Mission and Rich Plenty Investment Limited, two British Virgin Islands-based firms, are involved in the transaction. Winning Mission, the seller of the 4,250 BTC, will receive $241.48 million in convertible notes and warrants for 201,233,958 shares. Rich Plenty Investment will act as the broker for the transaction between the two entities. The convertibles and warrants…
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