March 12, 2025
Hong Kong-based Ming Shing Group Holdings Limited, through its subsidiary Lead Benefit (HK) Limited, has acquired 333 Bitcoins worth approximately $27 million. This investment marks the company's first foray into the cryptocurrency market, leveraging its idle funds for a short-term investment aimed at capturing Bitcoin's potential appreciation.
The purchase was made at an average price of $81,555 per Bitcoin on February 28, 2025. Ming Shing views Bitcoin as a liquid reserve asset, allowing the company to invest its surplus cash and potentially sell holdings to cover operating needs.
This move is part of a growing trend among public companies investing in Bitcoin as a diversification treasury holding. Ming Shing's executive director, Wenjin Li, highlighted that this investment aligns with the company's shareholder value-building strategy and pursuit of new growth opportunities.
Posted on March 12, 2025
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