MOON INC further purchased approximately 6.12 units of Bitcoin at a cost of approximately HKD 5.242 million
MOON INC announced that it will further purchase approximately 6.12 units of Bitcoin on October 31, 2025, at a total cost of approximately HKD 5.242 million. The funds for this purchase will come from the group's available cash reserves. The board believes that Bitcoin, as a reliable store of value, has significant appreciation potential and will help diversify the investment portfolio and enhance asset value. This move also demonstrates the group's commitment to technological innovation and prepares for entry into the blockchain industry
According to the announcement from MOON INC (01723), on October 31, 2025 (after trading hours), the group further purchased approximately 6.12 units of Bitcoin in the open market, at a total cost of approximately HKD 5.242 million (equivalent to about USD 672,000). The cost of the further Bitcoin purchases was paid in cash and determined based on the buying and selling prices of Bitcoin in the open market, with the funding for the further Bitcoin purchases coming entirely from the group's available cash reserves. The settlement of the further Bitcoin purchases will be conducted immediately after the completion of each respective purchase order.
The company's board of directors has observed that cryptocurrencies are becoming increasingly popular in the business world, and cryptocurrencies (especially Bitcoin) are being incorporated into investment portfolios. The board believes that cryptocurrencies as a whole (including Bitcoin, which is one of the first widely adopted cryptocurrencies and the largest by market capitalization, serving as a reliable store of value) still have significant appreciation potential. At the same time, considering the unclear global economic outlook and the unprecedented fiscal stimulus measures (including quantitative easing) being implemented by governments around the world, which have led to a substantial increase in money supply by global central banks, putting downward pressure on fiat currencies, the board believes that the scale of the Bitcoin purchases is symbolic, marking an important step for the group in adapting to the changing global financial landscape, diversifying the group's investment portfolio, and enhancing its asset value.
The group acknowledges that cryptocurrency prices may fluctuate significantly; therefore, the board has currently decided to invest in Bitcoin, the largest cryptocurrency by market capitalization, which will enhance shareholder value in the long run. The board also believes that this move demonstrates the group's ambition and determination to embrace technological innovation, thereby preparing for entry into the blockchain industry
