Ming Shing Group Holdings Limited, a Hong Kong-based company specializing in business in the construction trades, crypto para made a bold entry into the market.
Its wholly-owned subsidiary, Lead Benefit (HK) Limited, is selling 500 coins worth a total of approximately $47 million at an average price of $94,375 per Bitcoin, the company said in a press release. Bitcoin announced the purchase.
The acquisition was completed on January 9, 2025, as part of Ming Shing’s strategy to use idle funds for short-term investment. The company aims to capture potential appreciation in the value of Bitcoin while maintaining the flexibility to liquidate assets and reinvest in its construction trades business if necessary.
“We are excited about our Bitcoin investment,” said Mr. Wenjin Li, director of Ming Shing. “We are confident that this investment will not only drive our growth but also create significant value for our shareholders. “We are also actively exploring options for further growth of the company.”
Lead Benefit (HK) Limited recently merged on December 23, 2024, with Lead Benefit International Limited, a British Virgin Islands (BVI) business entity, as its sole shareholder.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, Twitter our account and Youtube Follow our channel now! Moreover Android ve IOS Start live price monitoring now by downloading our applications!
Source: https://www.bitcoinsistemi.com/bitcoin-dusus-yasarken-uzak-dogulu-dev-sirket-yuklu-miktarda-bitcoin-satin-aldigini-duyurdu/
