HK Asia Holdings, a Hong Kong stock micro-strategy, has undergone a major change in its board of directors and is actively implementing the BTC strategy

HK Asia Holdings Limited (, the board of directors underwent a major reshuffle, with key members from investors Sora Ventures and BTC Inc., the owner of BTC magazine, joining, symbolizing the implementation of BTC strategy.

Sora Ventures deepens its investment in Hong Asia Holdings

UTXO Management, in collaboration with Sora Ventures and other partners, announced the successful acquisition of a majority stake in HK Asia Holdings Limited, a company listed on the Hong Kong Stock Exchange with the stock code 1723.HK. They plan to rebrand it as 'Moon Inc.' and further explore opportunities in cryptocurrency investment and Web 3.0 innovation.

)Hong Kong stock micro-strategy? UTXO Management joins hands with Sora Ventures to complete a major acquisition, and HK Asia Holdings will be reshaped as Moon(

According to CryptoSlate, as of February 12, 2025, there will be significant changes to the board of directors of HKAsia Holdings Limited, with key members from Sora Ventures and BTC Inc., the owner of BTC Magazine, forming the new board, marking a change in the company's management.

The new board of directors consists of 12 directors, covering executive, non-executive, and independent non-executive positions. The documents list David Bailey and John Riggins, owners of BTC Magazine BTC Inc., Jason Fang of Sora Ventures, Chairman Siu Muk Lung, Chung Chi Fai, and executive director Mary Wong.

Hong Asia Holdings is mainly engaged in the wholesale and retail business of prepaid products such as SIM cards and recharge vouchers in Hong Kong. The stock price has been in a long-term slump, hovering around 0.3 Hong Kong dollars this year, but since the announcement of the transformation, the stock price has reached 1.4 Hong Kong dollars.

Japan Metaplanet has successful precedents

Sora Ventures and UTXO Management introduced BTC strategy through the Japanese listed company Metaplanet last year, achieving significant success. Metaplanet recently announced its latest financial report, marking its first profit in six years, with a stock price increase of 4,330% in one year.

)Metaplanet financial report welcomes profits, and options create important BTC revenue sources(

However, in Japan, due to the high capital gains tax of up to 55% on direct purchase of BTC, investing in stocks such as Metaplanet through personal savings account )NISA( is a cheap and convenient option for small-scale and first-time buyers. Hong Kong itself does not levy capital gains tax on stocks, and the regulations related to cryptocurrencies have not yet been finalized, so it remains to be seen whether there is enough incentive to attract investors.

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