Ming Shing Group to Become 16th-Largest Corporate Bitcoin Holder with $482.9 Million Purchase

Hong Kong-based construction giant Ming Shing Group is set to become the world’s 16th largest corporate Bitcoin holder after agreeing to purchase 4,250 BTC worth $482.9 million. The company will acquire the Bitcoin from British Virgin Islands-registered Winning Mission Group using convertible promissory notes and stock warrants instead of cash. Ming Shing’s long-term strategy is to enhance shareholder value through digital assets. 4,250 BTC acquisition will increase their holdings to 5,083 BTC if the deal closes by December 31st.