Hong Kong-based investment company HK Asia has bought more Bitcoin following board approval soon after the city’s regulator launched ASPIRE, a 12-point initiative to promote the virtual asset market.
According to a February 23 official blog post, the firm’s board of directors approved plans to buy an additional 7.88 Bitcoins to increase the company’s Bitcoin holdings. The statement added that the purchase was made on February 20 at a cost of at least $761,705.
The decision by HK Asia, which seems to mirror the Strategy Bitcoin acquisition plan to increase its crypto holding, came only a week following its initial Bitcoin purchase on February 16. The first purchase decision triggered a severe market reaction that saw the company’s stock surge 93%. According to market analysts, the bullish sentiment caused by the HK Asia Bitcoin purchase persisted until February 24, surpassing the all-time high of June 2019, creating a staggering 1,700% gain in 2025.
Streamline the VA Market
The HK Asia Bitcoin purchase follows the city’s financial regulator, the Securities and Futures Commission (SFC), introducing a 12-point initiative dubbed ‘ASPIRE,’’ which stands for Access, Safeguards, Products, Infrastructure, and Relationships. The aim of the ASPIRE roadmap is to improve regulatory clarity and market accessibility and position the city as a strategic global hub for digital assets.
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Among the most prominent goals would be to streamline global liquidity access and strengthen compliance measures while introducing a new regulatory framework for virtual assets, over-the-counter trading, and virtual asset custodial services. Moreover, the SFC plans to expand the range of VA services and products available within the city-state to ensure that individual and institutional investors engage with the market safely and efficiently.
The ASPIRE Roadmap
The ASPIRE Roadmap
Part of the ASPIRE roadmap initiative is to improve operational requirements within the sector to combat the illicit trading of virtual assets. The plan also involves introducing investor education and proactive engagement with all players within the digital asset ecosystem. Commenting on the development, Eric Yip, the SFC’s executive director of intermediaries, stated:
“Adhering to the core principles of investor protection, sustainable liquidity, and adaptive regulation, the roadmap is a calibrated response to emerging VA market challenges and thus helps future-proof our ecosystem.”
He further added:
“The roadmap is not a final destination but a living blueprint that invites collective efforts to advance Hong Kong’s vision as a global hub where innovation thrives within guardrails.”
Strategy Bought plan to buy more BTC
Many Companies Buying BTC
The move by HK Asia to acquire more Bitcoin highlights the growing trend of companies investing in Bitcoin to get exposure to the cryptocurrency market while diversifying their holdings to enhance their earning power. Several other global companies have made similar initiatives. At the time of writing, the price of the flagship cryptocurrency seemed to have stabilized around $95,537, having dipped at least 1% over 24 hours.
Conclusion
As HK Asia makes a determined move to join the BTC bandwagon, Michael Saylor’s Strategy has announced plans to raise an additional $2 billion to help expand its Bitcoin holdings further. According to available data, the firm already owns 478,740 BTC, valued at approximately $47 billion, with a dollar-cost average purchase price of $65,000 per coin. Despite the market dipping slightly, Strategy’s BTC holdings have garnered a 51% profit, boosting its stock price by 360% over the past year.
Frequently Asked Questions (FAQs)
Why are companies buying Bitcoin?
Corporate motivations for buying Bitcoin mirror those of individual investors. Some believe BTC can be a hedge against inflation and a safeguard against currency debasement. In contrast, others aim to boost stock prices through Bitcoin exposure.
How does Strategy’s Bitcoin investment strategy work?
Strategy issues additional shares of company stock to raise capital and accumulate substantial Bitcoin holdings while facilitating the investments through its status as a public company.
Why are investors buying Strategy stock instead of Bitcoin directly?
Buying a stock offers exposure to Bitcoin through traditional investment accounts and may provide additional leverage to Bitcoin’s price movements.
What is Strategy’s intention in raising an additional $2 billion?
MicroStrategy is seeking to raise $2 billion through the public offering of perpetual preferred stock to expand its Bitcoin holdings.
Appendix: Glossary to Key Terms:
Bitcoin: A cryptocurrency designed to act as money and a form of payment outside the control of any one person, group, or entity.
Virtual assets: Digital representations of value that can be traded, transferred, or used as payment.
Inflation: The rate of price increase over a given period.
Hong Kong SFC: The primary regulatory body overseeing the securities and futures markets in Hong Kong.
Tom Nyarunda is a writer with in-depth knowledge of blockchain, cryptocurrency, NFTs, and SaaS. Based in Kenya, Tom has devoted his time to the study of Bitcoin and cryptocurrency, as he believes them to be incorruptible products of the future.
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