Hong Kong Stock Market Update: SINOHOPE TECH Holdings surged over 20% as Bitcoin hits a new all-time high. The company is a service provider for virtual asset trading and technical solutions.

New Fire Technology Holdings surged more than 20%, reaching 21.28% by the time of publication, at HKD 3.59, with a trading volume of HKD 18.49 million. On the news front, on March 5th, Bitcoin hit a historical high of $69,000, briefly touching $69,080. In addition to Bitcoin, Ethereum also broke through $3,800 in the short term, with a 24-hour increase of over 6%. Coinglass data shows that the total market value of cryptocurrencies has also surged, surpassing $2.65 trillion. Furthermore, at the New York closing on Thursday, the CME Bitcoin futures BTC main contract was at $68,025.00, up 1.24% from the Wednesday New York closing, trading in the range of $66,060.00 to $68,840.00, continuing to explore the top of $70,195.00 reached on March 5th. It is reported that New Fire Technology Holdings mainly provides virtual asset trading and technical solution services, including providing virtual asset lending asset management to customers and offering over-the-counter trading platforms, acting as an exchange. In the 2023 fiscal year, revenue generated from over-the-counter trading and lending management services amounted to HKD 2.811 billion, accounting for 99.19% of total revenue.