Hong Kong Firm Invests $483 Million in Bitcoin, Entering Crypto Market Leadership

Hong Kong construction firm Ming Shing Group Holdings announced a major move into the cryptocurrency market on Wednesday. The company is purchasing 4,250 Bitcoin for nearly $483 million, positioning it as a leader in crypto holdings within the region’s business sector. Analysts attribute this decision to the growing popularity of DeFi applications and the increasing interest from institutional investors in the cryptocurrency space.