HK Asia Holdings revealed the acquisition of one Bitcoin on February 13, describing this investment as “symbolic in magnitude.” After the public disclosure, the firm’s shares skyrocketed by 93% from February 13 to 17.
This surge propelled the share price to 5.50 HKD (Hong Kong Dollars), which translates to $0.71. While the price has varied since, it continues to hover around 4.50 HKD at the time this article is being written.
HK Asia Holding has become part of an expanding trend of public and governmental Bitcoin backers who have placed their confidence in the cryptocurrency market. This development is potentially favorable for initiatives like BTC Bull that seeks to take advantage of Bitcoin’s upward momentum.
Nations and Businesses Adopt Bitcoin on a Grand Scale
El Salvador became the inaugural country to recognize Bitcoin as legal tender on June 21, 2024, followed by the Central African Republic in 2022 (CAR eventually reversed the decision in 2023).
Several nations have also integrated BTC into their treasury assets.
As of January 2025, governments worldwide possess up to 2.5% of Bitcoin’s overall supply (471,000 BTC). The precise count of nations with Bitcoin holdings is challenging to estimate, but notable instances include:
- The US: 200K BTC valued at $21.28B, making the US the largest and most impactful government in the cryptocurrency arena.
- China: 194K BTC worth $19.92B, sourced from mining and seizing PlusToken’s assets following the dismantling of its Ponzi scheme.
- UK: 61K BTC valued at $6.26B acquired through confiscations from fraudulent and money laundering activities.
- Ukraine: 46K BTC valued at $4.85B from public contributions amid its ongoing conflict.
- Finland: 1.9K BTC worth $207M, many of which originate from narcotic operations.
An increasing number of public entities and companies have also incorporated Bitcoin into their assets over the years.
The American KULR Technology Group, INC. initiated a Bitcoin treasury in December 2024, purchasing 217.18 BTC ($21M). The company strengthened its position on January 6, 2025, boosting its BTC reserves to $42M.
Rumble is another notable entity that disclosed its first Bitcoin acquisition just before Trump’s formal inauguration on January 20.
Nevertheless, not every Bitcoin investment has translated into stock gains for investors. Lead Benefit, a subsidiary of Hong-Kong-based Ming Shing Holdings, announced a 500 BTC acquisition ($47M) in January 2025. However, the firm’s stocks have plunged by nearly 40% since that time.
Strategy (formerly MicroStrategy) achieved remarkable success in this domain after accumulating a reserve of 478K BTC, purchased at an average cost of $65K, raising the company’s market capitalization to $85B. Other firms have attempted to duplicate this accomplishment but struggled due to a lack of expertise needed to manage BTC-based derivatives.
US States Advocate Bills to Diversify State Treasury with Bitcoin and Gold
The 2025 Inflation Protection Act would permit the inclusion of cryptocurrencies and precious metals in the state treasury. Utah has also taken significant steps in this direction with its bill HB230, with Dennis Porter announcing that the bill has progressed to the Utah Senate.
Arizona’s Strategic Bitcoin Reserve Act has also moved into the Senate for validation, mirrored by Kentucky, whose bill aims to allocate 10% of state funds into cryptocurrencies.
Many other US states are deliberating on diversifying their digital asset pools, including Ohio, New Hampshire, Pennsylvania, Texas, and Massachusetts.
This increasing trend indicates that public and governmental entities now recognize Bitcoin’s significance and seek to leverage it. Some forthcoming crypto projects have adopted a similar approach.
BTC Bull Token Enhances Bitcoin’s Path to a $5.2T Market Capitalization
BTC Bull Token ($BTCBULL) is an early cryptocurrency initiative grounded in Bitcoin’s upward trend. The platform presents new investment possibilities by rewarding holders with Bitcoin airdrops, making it one of the top altcoins available. Thus, the more prosperous BTC becomes, the more likely BTC Bull will similarly benefit.
Holders will be eligible for BTC airdrops when Bitcoin’s price reaches its milestones of $150K and $200K, followed by a substantial $BTCBULL airdrop at the $250K threshold. This option is exclusively available for hodlers utilizing Best Wallet.
$BTCBULL currently boasts one of the most promising presales, having amassed over $2.1M in a few days.
BTC Bull Token Receives Significant Community Endorsement
HK Asia Holding’s BTC acquisition is merely the latest addition to a lengthy list of firms embracing and diversifying their cryptocurrency holdings. Japan’s Metaplanet currently possesses 2K BTC, appraised at $194M, which led to a dramatic 3,900% rise in the company’s stock throughout 2024.
The emerging crypto initiative is now witnessing considerable community support, as demonstrated by the success of its presale. The total staking pool has gathered over 540M tokens with an APY of 194%.
An attractive aspect of the project lies in its long-term token burn mechanism. For each 25K increase in Bitcoin’s price, BTC Bull incinerates a portion of its total supply. This generates upward price pressure, connecting $BTCBULL’s valuation to that of Bitcoin.
This does not constitute financial advice. Always undertake your due diligence (Do Your Own Research) before investing to mitigate risks, and bear in mind to never invest more than you can afford to lose.
