Hongya Holdings Plans to Raise HKD 65 Million, Part of Which May Be Used to Increase Bitcoin Holdings

BlockBeats News, on April 24, Hong Kong-listed company Hongya Holdings announced its plan to issue new shares worth 13.12 million Hong Kong dollars and convertible bonds with a principal amount of 52.3776 million Hong Kong dollars, with a total fundraising of approximately 65 million Hong Kong dollars. About 90% of the net proceeds will be used to capture potential investment opportunities or to increase holdings of Bitcoin and other digital assets.

BlockBeats previously reported that Hong Kong-listed company Hongya Holdings increased its Bitcoin holdings by 10 coins on April 11, bringing its total holdings to 28.88 coins.