Hong Kong jumps on the Bitcoin acquisition plan worth $ 483 million star-news.press/wp

On Wednesday, Ming SHING Group, Ming Shing Group Holdings, said on Wednesday that it had concluded an agreement to obtain 4,250 Bitcoin for nearly $ 483 million, as it joined the wave of companies that add the encoded currency to the treasury bonds.

If you succeed, and deal It would make the MINC SHING Hong Kong Treas. DataEven Buyaa inerractive International exceeded with 3350 BTC as Bitcoin and Crypto adopt Corporaate World by Storm.

“We believe that the bitcoin market is very liquid and can invest in a possible estimate of Bitcoin and increase the company’s assets,” said Wigneen Lee, CEO of Ming Xing.

Ming Sing’s financial statements show that they were pressed, with a negative profit margin of -3.9 % in 2025 and a loss of $ 5.35 million before benefits and taxes, According to To stock analysis data.

Related to: Bitcoin Treasury model is broken, but the strategy is not. That is why

Ming Xing will not pay cash against BTC. Instead, you plan to make a 10 -year and 3 % transfer notes (convertible at $ 1.20/shares) and enter 12 years that cover a total of 402,467,916 shares (can be exercised at $ 1.25/shares).

Two companies participate in the British Virgin Islands. The Mission Group Group sells 4,250 BTC and will receive a convertible note of 241,480,750 dollars in addition to a memorandum for 201,233,958 shares. Rich Plant Investment will get the same package of Ming Sing and the issuance of a permissible note to the winning task of 2,125 BTC.

A huge possible reduction in the shareholders

The structure can reduce the current Ming Sing shareholders. The company currently has less than 13 million shares distinct. If the convertible notes are practiced but do not remain unknown, the number of shares will jump to more than 415 million, leaving current shareholders with ownership of about 3.1 %.

In the worst scenario-if all notes are transferred, entitled orders have been transferred-the number of Ming Sing shares can rise to approximately 939 million, which reduces their current owners to about 1.4 % of ownership. The deal also depends on shareholders’ approval to delegate more shares, because the company currently has only 100 million Authorized.

Related to: 10 public companies quietly transformed their public budgets into bitcoin bonds

According to For Google Financing Data, Ming Sing rose sharply on the news, although long -term trading. The shares of the company faced a sharp decrease over the past year, as it lost the value of 70.5 %, including a 44 % decrease in the past month and 24 % during the past five days.

The initial initial price movement reached $ 2.15 on Wednesday, but most gains were lost on the same day. However, at the current Ming CHing price of $ 1.65, the stock increased by approximately 11.5 % on Thursday.

Hong Kong pushes depth to encryption

This advertisement comes at a time when Hong Kong continues to push it to become a digital center for assets. Organizers agreed to Bitcoin boxes and ETHER Exchange boxes in April 2024 and issued the first Crypto asset service provider earlier this year.

In February, the Securities and Futures Committee (ASPIRE “is presented to direct local regulations. Earlier this month, SFC terminated the Stablecoin Decree that criminalizes unlicensed exporters and issued new custody guidelines for encryption companies.

Reports this week also indicated that Cmb International Securities, a subsidiary of one of the best banks in China, has started providing virtual asset trading services in Hong Kong.

magazine: Bitcoin Og Willy Woo has sold most Bitcoin: Here is the reason