According to PANews, Ming Sing Group Holdings Limited, a Hong Kong-based company specializing in masonry work, announced that its wholly-owned subsidiary, Lead Benefit, purchased 333 bitcoins on February 28, 2025, at an average price of $81,555 per bitcoin. The total investment amounted to approximately $27 million. The company aims to use its idle funds to invest in bitcoin as a short-term strategy to capitalize on potential appreciation and enhance its assets. Ming Sing Group views the bitcoin market as highly liquid, allowing for easy disposal to fund its masonry operations when necessary.
Previously, on January 9, 2025, Lead Benefit acquired 500 bitcoins at an average price of $94,375 each, with a total investment of around $47 million. Read More (Note: This news is imported from Binance news)
