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  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 90,225.00
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  • the-open-networkToncoin (TON) $ 1.74
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  • jito-staked-solJito Staked SOL (JITOSOL) $ 170.37
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  • pi-networkPi Network (PI) $ 0.208847
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
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  • pax-goldPAX Gold (PAXG) $ 4,506.54
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  • htx-daoHTX DAO (HTX) $ 0.000002
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.73
  • worldcoin-wldWorldcoin (WLD) $ 0.576327
  • hashnote-usycCircle USYC (USYC) $ 1.11
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  • binance-staked-solBinance Staked SOL (BNSOL) $ 148.56
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.15
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  • vechainVeChain (VET) $ 0.011757
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 90,617.00
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  • usddUSDD (USDD) $ 0.998565
  • usdtbUSDtb (USDTB) $ 1.00
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,302.89
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,343.82
  • ousgOUSG (OUSG) $ 113.92
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  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.95
  • wrappedm-by-m0WrappedM by M^0 (WM) $ 0.999304
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  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999695
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 90,297.00
  • morphoMorpho (MORPHO) $ 1.29
  • clbtcclBTC (CLBTC) $ 90,541.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,297.77
  • lighterLighter (LIT) $ 2.76
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.11
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.04
  • story-2Story (IP) $ 1.99
  • beldexBeldex (BDX) $ 0.089060
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  • usdaiUSDai (USDAI) $ 1.00
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  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,269.72
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  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 24.53
  • c8ntinuumc8ntinuum (CTM) $ 0.126022
  • usual-usdUsual USD (USD0) $ 0.992837
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,088.41
  • lido-daoLido DAO (LDO) $ 0.635657
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  • flokiFLOKI (FLOKI) $ 0.000052
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  • aerodrome-financeAerodrome Finance (AERO) $ 0.540724
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  • fasttokenFasttoken (FTN) $ 1.09
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  • msolMarinade Staked SOL (MSOL) $ 183.53
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  • syrupMaple Finance (SYRUP) $ 0.391580
  • ether-fi-liquid-ethEther.Fi Liquid ETH (LIQUIDETH) $ 3,308.52
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Bitcoin

HK Asia Holdings Buys More Bitcoin in Hedge Against Depreciation of Fiat Currencies

By admin
0 109

HK Asia Holdings Buys More Bitcoin in Hedge Against Depreciation of Fiat Currencies

HK Asia Holdings (1723) said it bought another 10 bitcoin (BTC) for $858,581.

The Thursday purchase took the Hong Kong-listed company’s total to around 18.88 BTC at a cost of roughly $1.72 million. The acquisitions were made via open market transactions and funded through internal cash reserves.

In a statement, the company said it views bitcoin as a viable store of value amid global economic uncertainty, inflation concerns and expanding use of cryptocurrencies in investment strategies as well as “its potential to act as an effective hedge against depreciation of fiat currencies.”

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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