【Hong Kong Construction Company Reaches $483 Million Agreement to Purchase 4,250 Bitcoins】 Nasdaq-listed construction service provider Ming Cheng Group Holdings Limited announced on Wednesday that it has signed a Bitcoin purchase agreement to acquire 4,250 Bitcoins. The Hong Kong-based company has reached a deal valued at $482.9 million with the Winning Mission Group, a company registered in the British Virgin Islands, which will sell the 4,250 Bitcoins at an average price of $113,638 per Bitcoin. The transaction is expected to be completed by the end of the year and will not be paid in cash. The announcement stated that Ming Cheng will issue convertible notes and warrants to the seller. Following this news, the company's stock MSW surged 29% on Wednesday. It closed up 11.5% for the day at $1.65.

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