Accepting Bitcoin payments is not news; using financing funds to hoard coins is the real Alpha! AsiaStrategy has taught all listed companies a lesson!
When a century-old luxury watch meets Bitcoin payment, the boundary between traditional finance and the crypto world is silently collapsing.
A US-listed company doing luxury watch business in Hong Kong (originally named Top Win, now renamed AsiaStrategy) has just accomplished three major things:
The company changed its name but kept its stock code unchanged.
Opened Bitcoin purchases for luxury watches like Rolex and Patek Philippe.
The previous $10 million raised is mainly used to hoard Bitcoin.
This is akin to a long-established luxury department store suddenly announcing that it will settle transactions in gold—using Bitcoin, the "digital gold," to buy physical luxury goods is essentially providing high-net-worth customers with a new payment option that hedges against inflation.
What is most intriguing about this is the strategic depth: using the funds raised by the listed company to allocate Bitcoin while also opening a Bitcoin payment gateway, which means it not only understands the appreciation potential of Bitcoin as a reserve asset but also seizes the consumption scenarios of crypto millionaires.
Just like Tesla back in the day, buying Bitcoin while accepting Bitcoin for car purchases, AsiaStrategy is even smarter—luxury watches themselves have value retention properties, forming a dual hedge against inflation in combination with Bitcoin.
Currently, Hong Kong is becoming an Asian crypto hub, and such cases of traditional enterprises transforming into Web3 will become increasingly frequent.
The logic behind MicroStrategy's stock price rebound through hoarding Bitcoin, AsiaStrategy might be replicating the "listed company + Bitcoin treasury" capital play.
After all, its financing purpose clearly states a heavy investment in Bitcoin, which is more capitalistically imaginative than merely opening cryptocurrency payments.
Want to know if this company's Bitcoin receipts in the first month will exceed Tesla's? #加密市场回调
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