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#BTC# HK Asia Holdings Limited has seen its shares nearly double in a day after reporting that it had bought a single Bitcoin.
Hong Kong Investment Firm Shares Soared 93% After Buying 1 BTC
News
The shares of the Hong Kong-based investment firm, HK Asia Holdings Limited, nearly doubled in value during the February 17 session after the company revealed that it had purchased a Bitcoin.
HK Asia reported in an announcement on February 16 that it “purchased a total of 1 unit of Bitcoin” for approximately $96,150 on February 13, “financed with the Group's internal resources”.
The company's stocks on the Hong Kong Stock Exchange closed up nearly 93% on Monday, reaching 5.50 Hong Kong dollars (71 cents), approaching its June 2019 peak of 6.50 Hong Kong dollars (84 cents), according to Google Finance.