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HK Asia Holdings Buys One Bitcoin and Its Stocks Surge by Over 90%. Will BTC Bull Explode?

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HK Asia Holdings announced the purchase of one Bitcoin on February 13, calling this investment “symbolic in scale.” Following the public announcement, the company’s stocks surged by 93% between February 13 and 17.

This increase catapulted the stock to 5.50 HKD (Hong Kong Dollars) which is the equivalent of $0.71. While the price has fluctuated since, it still maintains around 4.50 HKD at the time of writing this article.

HK Asia Holding has joined a growing trend of public and governmental Bitcoin investors that have put their trust in the crypto market. This is potentially bullish for projects like BTC Bull which aims to capitalize on Bitcoin’s bull run.

Countries and Firms Adopt Bitcoin at a Large Scale

El Salvador was the first country to adopt Bitcoin as a legal tender on 21st of June, 2024, followed by the Central African Republic in 2022 (CAR eventually overturned the decision in 2023).

Numerous countries have also included BTC among their treasury assets.

El Salvador exceeds 6000 BTC

As of January, 2025, governments around the globe hold up to 2.5% of Bitcoin’s total supply (471,000 BTC). The exact number of countries with Bitcoin investments is difficult to approximate, but some notable examples include:

  • The US: 200K BTC worth $21.28B, making the US the largest and most influential government in the crypto space.
  • China: 194K BTC worth $19.92B, acquired from mining and seizing the assets of PlusToken following the dismantle of its Ponzi Scheme.
  • UK: 61K BTC worth $6.26B coming through seizures from fraud and money laundering operations.
  • Ukraine: 46k BTC worth $4.85B from public donations during its ongoing war.
  • Finland: 1.9K BTK worth $207M with many of the assets coming from narcotics operations.

A growing number of public institutions and firms have also added Bitcoin to their portfolio over the years.

BTC in treasuries

The American KULR Technology Group, INC. launched a Bitcoin treasury in December, 2024, with a purchase of 217.18 BTC ($21M). The company doubled down on January 6, 2025, increasing its BTC reserves to $42M.

Rumble is another high-profile player that announced its first Bitcoin purchase just before Trump’s official inauguration on January 20.

Rumble RUM purchased BTC

However, not all Bitcoin investments have led to stock increases for investors. Lead Benefit, a subsidiary of Hong-Kong-based Ming Shing Holdings, has announced a 500 BTC purchase ($47M) in January, 2025. Despite this, the company’s stocks have declined by almost 40% since.

Strategy (former MicroStrategy) also saw immense success in this sphere, after it formed a reserve of 478K BTC, purchased at an average price of $65K, which took the company’s market cap to $85B. Other companies have tried to replicate this success, but lacked the proficiency required to work with BTC-based derivatives.

US States Push Bills to Diversify State Treasury with Bitcoin and Gold

The 2025 Inflation Protection Act would allow the addition of crypto and precious metals to the state treasury. Utah has also taken important steps in this direction through its bill HB230, with Dennis Porter announcing that the bill has moved onto the Utah Senate.

Dennis Porter announces Utah strategic BTC reserve

Arizona’s Strategic Bitcoin Reserve Act also went into the Senate for approval, mirrored by Kentucky, whose bill aims to move 10% of state funds into cryptos.

Numerous other US states consider diversifying their digital asset pool, including Ohio, New Hampshire, Pennsylvania, Texas, and Massachusetts.

This growing trend shows that public and governmental institutions now understand Bitcoin’s value and try to capitalize on it. Some upcoming crypto projects have adopted a similar strategy.

BTC Bull Token Supports Bitcoin’s Road to a $5.2T Market Valuation

BTC Bull Token ($BTCBULL) is an early crypto project whose foundation rests on Bitcoin’s bull trend. The platform offers new investment opportunities by rewarding holders with Bitcoin airdrops, making this one of the best altcoins available. This means that the more successful BTC becomes, the likelier it is that BTC Bull will follow suit.

BTC Bull Token roadmap

Holders will receive BTC airdrops when Bitcoin’s price reaches its $150K and $200K milestones, followed by a massive $BTCBULL airdrop at the $250K mark. This is only an option for hodlers using Best Wallet.

$BTCBULL currently has one of the best presales after accumulating over $2.1M over the course of several days.

BTC Bull Token Enjoys Massive Community Approval

HK Asia Holding’s BTC investment is just the latest entry in a long line of companies adopting and diversifying their crypto portfolios. Japan’s Metaplanet also currently holds 2K BTC, valued at $194M, which caused the company’s stock to climb over 3.900% during 2024.

The new crypto project is currently seeing considerable community approval, which is evident from how well the presale is going. The total staking pool has amassed over 540M tokens with an APY of 194%.

Part of the project’s appeal also comes from its long-term token burn system. For every 25K that Bitcoin adds to its price, BTC Bull burns a percentage of its total supply. This creates upwards price pressure, linking $BTCBULL’s price evaluation to that of Bitcoin.

This does not constitute financial advice. Always DYOR (Do Your Own Research) before investing to minimize risks, and remember to never invest more than you can afford to lose.



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Trump’s Financial Empire Makes Waves with $10M WLFI, $125K SEI Buy

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47 minutes ago

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February 20, 2025

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United States President Donald Trump’s World Liberty Financial announced another round of investments this week to further build its crypto portfolio. According to on-chain data, World Liberty Financial withdrew $10 million USDC from its Coinbase account to purchase 200 million WLFI tokens and another $12k to buy 547,990 SEI tokens, with an average price of $0.228.

Both transactions were recorded last February 20th, as reported by Onchain Lens. The crypto firm’s latest transaction coincided with the release of its macro strategy last February 12th.

Trump Family’s Foray Into Crypto Continues

World Liberty Financial is a crypto and DeFI project supported by the US President and some family members, including Donald Trump Jr., Eric Trump, and Barron Trump. It aims to strengthen the US dollar’s position in the highly competitive DeFi space.

According to company records, Trump and his associates control 60% of the WLF, which assigns them 75% control over the firm’s revenue and access to 22.5 billion tokens. Trump’s family also owns most of the Trump Media & Technology Group, which recently announced its shift to crypto after starting with financial services.

Total crypto market cap currently at $3.15 trillion. Chart: TradingView

WLF’s Macro Strategy – What We Know So Far

Last February 12th, Trump’s crypto company announced the creation of the Macro Strategy, a strategic token reserve that aims to boost its competitiveness in DeFi. In a Twitter/X post, WLF shared that this new project aims to enhance stability, foster growth, build trust, and promote strategic partnerships with financial institutions.

WLF recently received a boost from Tron’s Justin Sun, who invested at least $75 million in its native token, making him one of the most prominent investors. However, Sun’s entry into the company was criticized due to his alleged links with illegal financial activities. Aside from Sun’s investment, WLF has offered various deals to its investors, making it one of the biggest crypto launches to date.

WLF Continues To Boost Holdings, As Criticisms Start To Trickle In

WLF continues its expansion in the crypto market thanks to Trump’s backing and the entry of Sun. According to a BitMart Research report, as of February 9th, the company has sold $455 million worth of tokens. Trump’s crypto project generated $319 million from selling its 21.3 billion tokens at $0.015 each. And for its second round of sales, the company earned another $136 million.

However, WLF remains at the center of controversy due mainly to its links with the Trump family. According to some critics, Trump’s crypto project is self-serving and only benefits the president’s immediate family members and allies.

Featured image from ClutchPoints, chart from TradingView





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Atlanta Federal Reserve President Predicts Two Interest Rate Cuts in 2025

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2 hours ago

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February 20, 2025

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In a recent turn of events, Atlanta Federal Reserve President Raphael Bostic hinted at the Fed’s potential decisions on interest rates. According to the Federal Reserve President, the central bank may reduce interest rates twice in 2025. However, he expresses considerable uncertainty about the impact of President Donald Trump’s trade and migration policies.

Atlanta Federal Reserve President Comments on Interest Rate Cuts

According to a recent Reuters report, Raphael Bostic, the President of the Atlanta Federal Reserve, stated that the Fed will lower interest rates twice this year. However, adding uncertainty surrounding the expectations, he highlighted other major factors that could influence the Fed’s decision.

“While that’s my baseline expectation, there’s a lot that is going to happen that could influence that really in both directions,” posited Bostic. Further, citing potential changes in trade, immigration, energy, and fiscal policies, he added, “Right now, there is a lot of uncertainty about where some important factors are going to land.” Concluding his view, he added that his current outlook may likely change after six months.

Fed President’s View on Strong US Economy

Moreover, in an essay today, the Atlanta Federal Reserve President wrote about the central bank’s solid monetary policy and the country’s strong economy. According to Bostic, the current monetary policy is well-positioned.

Though he believes the US economy is strong, he doesn’t see the factors as a reason to relax. His statement highlights the uncertainty surrounding the new Trump administration’s policies and moves. His concerns suggest that heightened policy uncertainty could impact the labor market and inflation.

Federal Reserve’s Rate Cut and Jerome Powell’s Hawkish Stance

Following the Federal Reserve’s FOMC meeting at the end of January 2025, Chair Jerome Powell announced the bank’s decision to hold the interest rate unchanged at the 4.25%-4.5% level. The development initially sent the crypto market into a slump, but it has since staged a gradual recovery.

Later, on February 12, at his semi-annual monetary report, Powell shared a hawkish approach to interest cuts. He stated that the Fed sees no urgency in altering its policy as the economy remains strong. He added that the policy stance is “less restrictive” than before.

Inflation Deemed the Biggest Risk

The Atlanta Federal Reserve President considers inflation the biggest risk, despite its recent decline. With the risks to the Fed’s dual mandate now more balanced, he is increasingly focused on achieving 2% inflation without compromising labor market gains. Bostic stated,

I still think the biggest risk is inflation. As inflation has come way down, the risks to the mandates have come more into balance and so I’m more sensitive now to the possibility that we could get inflation at 2% without seeing a lot of damage in labor markets.

Nonetheless, the Federal Reserve’s next move remains unclear. At the same time, it remains uncertain how it will impact the crypto market. However, if the Fed maintains its hawkish stance, it could potentially trigger a bearish sentiment.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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John Deaton Highlights Ripple’s Role In XRP ETF’s Acknowledgement

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4 hours ago

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February 20, 2025

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The US Securities and Exchange Commission (SEC) has taken a significant step by acknowledging XRP ETF applications from multiple asset managers, including CoinShares, Canary Capital, and WisdomTree. In response to the development, XRP lawyer John Deaton reflected on Ripple and XRP’s evolution over the past four years.

Notably, the XRP ecosystem has undergone significant transformations since the SEC lawsuit in 2020. Though Ripple faced unprecedented challenges over the period, recent developments including major court wins and Donald Trump’s re-election have marked a turning point. Let’s unveil XRP’s major developments over the period, leading to the SEC’s positive approach to XRP ETFs.

SEC Acknowledges XRP ETFs: John Deaton Weighs In

The SEC’s acknowledgment of XRP ETFs has sent shockwaves of optimism through the Ripple community. In a series of surprising events, the SEC recognized multiple asset manager’s XRP ETFs, fueling excitement.

Commenting on this bullish development, pro-XRP attorney John Deaton stated, “What a difference four years of litigation and an election can bring.” Via his latest X post, Deaton offered the community a unique perspective on XRP’s transformation over the past few years.

According to his remarks, the SEC’s recent move is largely attributed to Ripple’s court wins and Donald Trump’s presidential win in the 2024 election.

XRP ETF Acknowledgement: Broader Implications

Major investment firms are vying to launch an exchange-traded fund tracking XRP. The frenzy began when Grayscale proposed converting its XRP Trust into an ETF, prompting CBOE and Nasdaq to file 19b-4 applications.

The SEC’s subsequent acknowledgment of applications from Grayscale, 21Shares, and Bitwise sparked widespread optimism. Most recently, the SEC has also recognized XRP ETF applications from CoinShares, WisdomTree, and Canary Capital, further fueling excitement.

Key Factors Influencing XRP’s Journey

Notably, the SEC’s recent XRP ETF acknowledgment has been influenced mainly by two major events: Ripple’s court wins and Donald Trump’s election win. This development boosts optimism, even if it doesn’t confirm a potential green light for the ETF launch.

The crypto regulator sued Ripple in 2020, alleging the platform violated the federal securities law and raised $1.3 billion by offering unregistered securities. After a long battle, Judge Analisa Torres ruled that XRP in its digital token form is not a security. In a subsequent judgment in August 2024, Judge Torres drew a clear line between Ripple’s retail and institutional sales, declaring the retail sales to be legitimate.

Significantly, this regulatory status has contributed to the SEC’s recognition of the XRP ETFs. As per Deaton’s comments, in addition to this development, Trump’s re-election is another major event that impacted Ripple’s journey.

Specifically, Trump’s pro-crypto stance and the SEC’s regulatory shifts have potentially paved the way for a more favorable environment for XRP.

Ripple’s Evolution Since 2020 SEC Lawsuit

Ripple, founded in 2012, had established itself as a leading global payments platform by 2020. But its momentum was halted by the SEC lawsuit. Prior to the lawsuit, XRP remained a major player alongside Bitcoin and Ethereum. The token hit an all-time high of $3.317 in the 2017-2018 bull run, marking a staggering hike of 19,000%.

However, the lawsuit severely affected XRP’s trajectory. Major exchanges like Coinbase, Binance, and Kraken suspended XRP from trading following the lawsuit. Soon, the token’s price and market cap plummeted with XRP losing its ground.

Notably, XRP experienced a remarkable resurgence, fueled by Ripple’s courtroom victories and Trump’s election win. The cryptocurrency reclaimed its third spot on CoinMarketCap, soaring to a high of $3.2 as it eyed its all-time high. This upward trajectory was further reinforced by the SEC’s recognition of XRP ETFs. It was highlighted by John Deaton, underscoring Ripple’s continued growth and momentum.

✓ Share:

Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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