financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
The Bitcoin Treasury Movement Rolls On — Here’s What’s New
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The Bitcoin Treasury Movement Rolls On — Here’s What’s New
Aug 24, 2025 12:15 AM

Bitcoin has emerged as one of the go-to cryptocurrency assets for treasury strategies by different companies in the past few years.

This trend has intensified recently, and here are some of the latest additions.

Slowly Climbing Up

One of the more recent procurements comes from Ming Shing Group, a publicly traded Hong Kong-based company listed on the NASDAQ (MSW), specializing in wet trades, such as plastering, tiling, and bricklaying, among others.

The purchase agreement is for 4,250 bitcoins, worth approximately $482 million, with an average price of $113,638 per unit. It is currently ranked 45th on the BitcoinTreasuries leaderboard, with 833 BTC, having started accumulating in early January, trailing the Nordic healthcare company H100 Groups stash of 911 BTC.

Its stock has reacted positively to the announcement, rising over 11% daily earlier tshi week, according to the most recent data from Google Finance.

Source: Google Finance

A Known Face

Earlier in the week, KindlyMD increased its holdings by a notable 5,744 BTC, with an estimated cost of $679 million, at an average cost per bitcoin of $118,204. Its an American healthcare and healthcare data company, also trading on the NASDAQ (NAKA), having merged with its Bitcoin-native holding company, Nakamoto Holdings Inc., at the start of May.

The firm joined the race later in the same month, with the mission of accumulating a million of the leading crypto asset. Theyre much further ahead in the rankings, holding 5,765 BTC and currently sitting in 16th place, with a notable lead over Semler Scientific, which owns 5,021 BTC at print time.

This acquisition reinforces our conviction in Bitcoin as the ultimate reserve asset for corporations and institutions alike.

Our long-term mission of accumulating one million Bitcoin reflects our belief that Bitcoin will anchor the next era of global finance, and we are committed to building the most trusted and transparent vehicle to achieve that future, noted the CEO and Chairman, David Bailey.

The companys stock, however, did not react so well to the news and has been declining since the start of the week, as indicated by data from Google Finance at the time of writing.

Source: Google Finance

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Bitcoin Battles for $100K, Christmas Rally Incoming? (Your Weekly Crypto Recap)
Bitcoin Battles for $100K, Christmas Rally Incoming? (Your Weekly Crypto Recap)
Dec 13, 2024
It hasnt been a particularly fun week in the cryptocurrency industry as the majority of the market is trading in the red. The losses are mostly tolerable, although some altcoins definitely feel the pressure. But lets start with Bitcoin, as always. The primary cryptocurrency saw a week full of volatility. During the weekend, it increased above $101,000 but as soon...
Whale and Shark Activity Pushes Chainlink (LINK) Past $29 For the First Time in 37 Months
Whale and Shark Activity Pushes Chainlink (LINK) Past $29 For the First Time in 37 Months
Dec 13, 2024
Chainlink (LINK) has recently surpassed the $29 mark for the first time in 37 months. Over the past week, the native token of the decentralized oracle network posted a 21% gain. As a result, LINK has emerged as one of the best-performing altcoins in recent weeks. Whale and Shark Gobble Up LINK The surge is largely fueled by a significant...
Solana Surpasses Ethereum as Top Ecosystem for New Developers in 2024: Report
Solana Surpasses Ethereum as Top Ecosystem for New Developers in 2024: Report
Dec 13, 2024
Electric Capitals 2024 Developer Report has revealed that for the first time since 2016, Solana outpaced Ethereum as the leading blockchain ecosystem for attracting new developers. The breakthrough highlights Solana’s rapid growth, with 7,625 new devs joining the network in the last 12 months, representing an 83% year-over-year increase. Rise in Developer Activity The report, released on December 12, looked...
Reveals Spanish Bank Allocates 2% to Aptos Staking ETP: Bitwise
Reveals Spanish Bank Allocates 2% to Aptos Staking ETP: Bitwise
Dec 13, 2024
Hunter Horsley, CEO of Bitwise, announced that a Spanish bank has allocated 2% of its holdings to the Bitwise Aptos staking ETP. In a tweet, Horsley stated that the adoption of cryptocurrencies is accelerating as traditional financial institutions integrate more crypto-savvy investors. He noted that the investment, made through one of the banks funds, marks a significant step toward mainstream...
Copyright 2023-2026 - www.financetom.com All Rights Reserved