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

HK Asia Holdings recently bought one Bitcoin, and its stock price jumped 93%, reaching $0.71, and remains around $0.57. This follows a trend of Bitcoin adoption by governments and companies. Governments worldwide hold approximately 471,000 Bitcoins (2.5% of the total supply). The US holds 200,000 BTC ($21.28 billion), China has 194,000 BTC ($19.92 billion), the UK has 61,000 BTC ($6.26 billion), Ukraine possesses 46,000 BTC ($4.85 billion), and Finland holds 1,900 BTC ($207 million). KULR Technology Group increased its Bitcoin holdings to $42 million, and Rumble also recently purchased Bitcoin. However, Lead Benefit's stock declined by 40% despite a $47 million Bitcoin purchase. Several US states are considering legislation to allow Bitcoin and precious metals in state treasuries. A new cryptocurrency project, BTC Bull Token, aims to benefit from Bitcoin's potential price growth by rewarding holders with Bitcoin airdrops at $150,000, $200,000, and $250,000 milestones. The project's presale has raised over $2.1 million, and its staking pool holds 540 million tokens with a 194% APY. The project also includes a token burn mechanism tied to Bitcoin's price increases. Japan's Metaplanet, which holds 2,000 BTC ($194 million), saw its stock rise 3,900% in 2024.