Hong Kong’s Ming Shing Group to Buy $483 Million in Bitcoin

Hong Kong-based Ming Shing Group Holdings Limited has filed a Form 6-K with the U

Hong Kong-based Ming Shing Group Holdings Limited has filed a Form 6-K with the U.S. Securities and Exchange Commission disclosing an agreement to purchase 4,250 Bitcoin for approximately US$482.96 million.

The company said it will finance the acquisition through a combination of a convertible promissory note and warrants, signaling a sizable balance-sheet commitment to the cryptocurrency.

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Source: https://thedefiant.io/news/markets/hong-kongs-ming-shing-group-to-buy-483-million-bitcoin-9e2ed5e6