Hong Kong Firm’s Bold $483 Million Bitcoin Treasury Move Shakes Markets

Hong Kong just dropped a half-billion dollar bet on Bitcoin—and traditional finance is scrambling to keep up.

The Strategic Pivot

While legacy institutions debate ETF approvals, this Asian financial powerhouse bypassed middlemen entirely. They didn't buy paper derivatives—they acquired actual Bitcoin. Cold storage, not custodial promises.

Market Impact

The $483 million injection represents one of the largest corporate treasury allocations this quarter. It screams confidence while traditional portfolios bleed from bond yield volatility. Because nothing says 'store of value' like an asset that swings 10% before lunch.

Regulatory Frontier

Hong Kong's progressive crypto framework made this possible while other jurisdictions still treat digital assets like digital bogeymen. The FSA-approved move signals institutional adoption isn't coming—it's already here.

Because sometimes the smartest trade is ignoring fund managers who still think 'blockchain' is something you buy at Home Depot.

Ming Shing Enters Bitcoin Treasury Strategy

The deal covers 4,250 bitcoins, totaling about $482.96 million. The average price per Bitcoin is $113,638. The company expects the transaction to close by December 31, 2025. Payment will occur via a convertible promissory note and share warrants.

The company also assigned 50% of the transaction value to Rich Plenty Investment Limited. In return, Rich Plenty issued a promissory note equivalent to 2,125 bitcoins. After this assignment, Ming Shing will issue convertible notes and warrants to both the seller and the assignee. Each will have the option to acquire 201.2 million ordinary shares.

This acquisition marks Ming Shing’s first step into astrategy. The company aims to hold digital assets on its balance sheet to enhance liquidity and long-term value potentially.

The convertible promissory notes carry a 3% annual interest rate and mature in ten years. Holders may convert the notes into ordinary shares at $1.20 per share, subject to adjustments. The conversion is capped so no holder can own more than 4.99% of total shares outstanding.

The warrants allow each holder to purchase up to 201.2 million ordinary shares at $1.25 per share. The term lasts 12 years. Both the notes and warrants are exempt from U.S. securities registration and follow the same ownership limitations.

“We expect this acquisition to expand our digital asset holdings,” said CEO Wenjin Li.
“It also lets us take advantage of bitcoin’s liquidity and its potential price growth.
This is a big step for us into a bitcoin treasury strategy.”

The acquisition illustrates a growing trend among Asian companies outside the financial sector, which are adopting bitcoin treasury strategies to diversify corporate assets and explore digital currency exposure.