HK Asia Holdings (HKEX: 1723), soon renamed Moon Inc., made history as the first company listed on the stock exchange in the great China to adopt a strategy of the Bitcoin treasure. In a recent discussion hosted by Allen Helm of Bitcoin for companiesThe new CEO John Riggins has outlined the company’s pivot, its regulatory alignment with Hong Kong and the largest momentum building throughout Asia.
Riggins, a long-standing Bitcoin supporter with vast experience in China and Southeast Asia, explained that the move was guided both by long-term conviction and by a favorable change in the regulatory posture to Hong Kong. He said that the company has spent months to consult the regulators, the investors of the public market and the local partners before performing the transition.
Originally focused on SIM cards and prepaid technological products, HK Asia Holdings now aim to integrate Bitcoin both as a budget activity and in its business model. This includes plans to launch offers related to Bitcoin through its retail sale imprint, such as automatic branches and prepaid bitcoin products.
The first steps of the company included the acquisition of 8.88 BTC during a post-acquisition period, followed by another purchase of 10 BTC once the leadership transition is aimed, depending on its total participations at 18.88 BTC, evaluated at over $ 1.7 million at the time of the announcement. Riggins said that further accumulation is provided, although it will proceed in accordance with the measured but transparent regulatory guide of Hong Kong.
“We see it as a way to protect our budget and we see it as a way to diversify, our treasure with an eye on how the rest of the world is moving,” said Riggins.
The strategic intent goes far beyond speculation. Riggins has framed Bitcoin as a cover against macro uncertainty, a long -term resilience tool and a bridge towards emerging global financial infrastructures. He also underlined how corporate advice in the region are starting to engage more seriously with the idea, indicating Metaplanet in Japan and strategy in the United States as convincing precedents.
While the adoption of Bitcoin company of Asia is still in its initial stages, the interest is growing rapidly. Riggins highlighted South Korea, Thailand, Malaysia and Indonesia as markets with a clear potential to follow the example. Much of the movement, observed, is happening silently behind the scenes, especially in China, where the institutional parties and investors connected to the state are actively monitoring the changes of US policies and adoption trends of companies.
“I am increasingly flooded with messages, people of the government, people, you know, institutional investors who are looking at this space in search of information within what is happening here,” said Riggins.
Although formal public moves have not been announced by Chinese state entities, Riggins believes that Bitcoin is already held indirectly through organizations affiliated to the government, including investment weapons connected to the state. He suggested that these participations could be more significant than you know publicly. With the United States who move to a strategic Bitcoin reserve, he sees China looking closely – and potentially following – if the global momentum of politics continues to change.
Looking to the future, Moon Inc. plans to expand his Bitcoin invitations in the regulatory framework of Hong Kong and serve as a model for other Asian companies that explore similar strategies. The company will host Bitcoin Asia this August in Hong Kong, positioning itself as a regional pioneer and helping to catalyze the wider corporate adoption throughout Asia.
Disclaimer: This content was written on behalf of Bitcoin for companies. This article is intended exclusively for information purposes and should not be interpreted as an invitation or a solicitation to acquire, purchase or register for the securities. For full transparency, please note that BTC Inc., the parent company of Utxo Management, holds a participation in HK Asia Holdings Limited (1723.hk) in collaboration with Sora Ventures and other entities.