HK Asia’s symbolic 1 Bitcoin purchase sparks nearly 93% stock surge
The purchase aligns with the company's new leadership's vision to embrace financial innovation and explore digital assets like Bitcoin.
Track TradFi and crypto news, including banks, brokers, asset managers, and the convergence of legacy finance with digital assets.
CME Group sees over 300% increase in crypto derivatives trading as institutional and retail interest surge.
Despite a 69% increase in Bitcoin exposure, Ethereum-related ETF shares grew by less than $10,000.
The company's 13F form revealed an Ethereum exposure nearly 19 times larger between quarters.
The company is already a node operator for Bitcoin staking protocol Babylon, with nearly 8 BTC in delegated staking.
Metaplanet registered its first profitable financial period since 2017, while Strategy surpassed $17 billion in unrealized profits with Bitcoin.
This is the third delay on SEC's decision, and affects the spot Ethereum ETFs issued by BlackRock, Bitwise, and Grayscale.