Ming Shing bought 4,250 BTC, stock prices skyrocketed

A new positive wave has spread across the cryptocurrency market as Ming Shing, a company based in Hong Kong, announced the purchase of 4,250 $BTC at an average price of 113,638 USD. This move not only reinforces confidence in Bitcoin but also demonstrates an immediate positive effect on traditional finance. #HongKong

Positive signals from the market

Following the announcement, the stock price of #MingShing listed on Nasdaq surged by 29% during Wednesday's trading session, closing the day with an impressive gain of 11.5%. This price increase is clear evidence that traditional investors are increasingly accepting and valuing the Bitcoin accumulation strategy of public companies.

Reinforcing the Bitcoin treasury trend

Ming Shing's transaction continues to extend the "Bitcoin treasury" trend that is spreading, pioneered by companies like MicroStrategy. The use of their balance sheets by listed companies to hold Bitcoin is not only an investment strategy but also a way to position themselves within a changing financial system.

This action by Ming Shing is a strong signal, indicating that Bitcoin is being recognized as a legitimate and attractive reserve asset, not only for financial companies but also for businesses across various sectors. This opens up a promising new chapter for the intersection of traditional finance and the cryptocurrency market. #anhbacong