Hongya Holdings Plans to Enhance Bitcoin Holdings with New 65 Million HKD Fundraising

On April 24, Hongya Holdings, a company listed in Hong Kong, revealed its strategic move to issue new shares valued at 13.12 million Hong Kong dollars alongside convertible bonds amounting to 52.3776 million Hong Kong dollars. This initiative aims to raise approximately 65 million Hong Kong dollars in total. Notably, around 90% of the net proceeds is earmarked for seizing potential investment opportunities and enhancing its holdings in Bitcoin and other digital assets. Additionally, COINOTAG previously reported that on April 11, Hongya Holdings expanded its Bitcoin portfolio by acquiring an additional 10 coins, elevating its overall holdings to 28.88 coins. This proactive approach highlights the company’s commitment to leveraging the burgeoning opportunities within the cryptocurrency market.