Ming Shing Invests $483 Million in Bitcoin: A Construction Firm’s Bold Move into Crypto

Construction services firm Ming Shing has made a bold move by investing $483 million in Bitcoin. The company, specializing in wet trades, announced on Wednesday that it would acquire 4,250 BTC at an average price of $113,638 through a purchase agreement with Winning Mission Group. The deal will not be paid for using cash, but instead utilizing convertible promissory notes and stock warrants, with the transaction anticipated to close before the year’s end.