Hong Kong investment company HK Asia's stock price rose by 93% after purchasing 1 Bitcoin
ChainCatcher news, Hong Kong investment company HK Asia Holdings Limited disclosed that its stock price nearly doubled in trading on February 17 after purchasing one Bitcoin.
HK Asia stated in an announcement on February 16 that it "purchased a total of 1 unit of Bitcoin for approximately $96,150" on February 13, with "funds coming from internal resources of the group."
According to Google Finance, the company's stock closed up nearly 93% on the Hong Kong Stock Exchange on Monday, reaching HKD 5.50 (71 cents), close to the peak of HKD 6.50 (84 cents) in June 2019.
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