Wu said that Mingcheng Group, a Hong Kong-based publicly listed construction engineering service provider, announced that it has signed a Bitcoin purchase agreement and will spend $483 million to acquire 4,250 Bitcoins, with the transaction expected to be completed by the end of 2025. The payment method includes issuing a 10-year convertible note with an annual interest rate of 3%, as well as warrants that can be subscribed for approximately 402 million shares.