Hong Kong’s Bitcoin play – Investment firm follows Strategy and Metaplanet’s lead – BitRss

• HK Asia’s Bitcoin purchase pushed its stock by 93%, highlighting crypto’s market impact
• Metaplanet and Strategy’s (formerly MicroStrategy) cases underline growing institutional confidence in Bitcoin as a hedge

Despite Bitcoin [BTC ($95,249.85)] recording some bearish pressure, a surprising market reaction emerged following a bold move by Hong Kong-based investment firm HK Asia Holdings Limited. On 17 February, the company’s stock soared by nearly 93% after revealing its purchase of a single Bitcoin.

The announcement made a day earlier confirmed that the firm had acquired one BTC for approximately $96,150 on 13 Feb…