Ming Shing Group Acquires $482 Million in Bitcoin

Hong Kong-based construction firm Ming Shing Group has purchased 4,250 Bitcoin for approximately $482.9 million using convertible notes and stock warrants. This acquisition strengthens Ming Shing’s position as a major Bitcoin holder in Hong Kong. The deal is notable for its use of equity instruments to finance the transaction, signaling a growing trend among corporations to incorporate cryptocurrencies into their asset portfolios.