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The building giant Ming Shing Group, established in Hong Kong Kong, becomes the 16th largest company holder of the business Bitcoin worldwide after he has agreed to buy 4,250 BTC worth $ 482.9 million.
The BTC will be taken over from the British Virgin Islands-registered winning mission group at an average price of $ 113,638 through convertible promotes and shares instead of cash, which reflects Ming Shing’s long-term strategy to improve the value of shareholders via digital Activa.
If the deal closes as planned on December 31, the company’s participations would rise to 5,083 BTC, making it the 16th largest business Bitcoin holder worldwide based on the rival interests of today.
The announcement sent the shares of the company that rise more than 11% to take profitable profit after hours.
Ming Shing Group stock price (Source: Google Finance))
Ming Shing Group to publish convertible promotes and stockbells
Promissory Notes are a kind of Iou that can later be converted into company shares, while the warrants give winning the opportunity to buy shares at a fixed price in the future.
The transaction includes a third party with the name Rich Plenty Investment Limited, which will receive half the value of the deal. As such, both this third party and the winning mission group receive a convertible memorandum worth more than $ 241 million and an order to buy more than 200 million shares from Ming Shing Group.
At any time, each of those companies can convert their debt into Ming Shing Group shares for $ 1.20 per share. However, none of the companies can have more than 4.99% of the Ming Shing Group at a certain point according to the press release. These Promessen will have a duration of 10 years.
The same limit of 4.99% will be applied to the warrants, but they will be relieved in the next 12 years for $ 1.25 per share.
Ming Shing -shares jump as the company wants to expand its Bitcoin Holdings
The deal is part of the company’s mission to offer more value to its investors, who believes Bitcoin will enable it to do it.
“We believe that the Bitcoin market is very liquid and the investment can conquer the potential valuation of Bitcoin and increase the assets of the company,” said Ming Shing Group CEO Wenjin Li. “We are committed to creating extra value for our shareholders and actively investigating options for the company to grow further.”
Ming Shing already contains 833 BTC and ranks it as the 45th largest business-bitcoin holder worldwide, facts From Bitcoin Treasuries shows. With the crypto market leader who is traded at $ 113,169.63 from 8:05 am EST, the current Bitcoin reserves of the company equal to more than $ 94.27 million.
After receiving the 4,250 BTC, Ming Shing is above Kindlymd, the company led by Trump Administration Crypto Policy Adviser, David Bailey, if it does not contribute to his BTC interests.
The newest Bitcoin -Kindlymd purchase was announced yesterday, when the company bought 5,764.91 BTC for more than $ 670.37 million. This BTC was obtained at an average purchase price of $ 118.204.88 per coin.
Global BTC Treasury Race collects Momentum
In the past 30 days, 14 companies have joined Bitcoin’s business Bitcoin, which means that the number of public companies that BTC holds on their balance sheet on 297, according to Bitcoin Treasuries data.
The majority of those entities are located in the US, which are good for 103 companies. Canada has the second most BTC Treasury companies at 43 of such companies.
Combined, the companies have 3.67 million BTC. Strategy leads with its reserves of 629,376 BTC. Since starting its BTC accumulation in 2020, the strategy has achieved a non -realized profit of more than 54%.
Strategy has purchased 430 BTC for ~ $ 51.4 million on ~ $ 119,666 per Bitcoin and has reached BTC yield from 25.1% YTD 2025. From 8/17/2025, WE HODL 629.376 $ BTC Acquired for ~ $ 46.15 billion on ~ $ 73,320 per bitcoin. $ mstrer $ Strc $ Strk $ Strlf $ Strdd https://t.co/flrjckdmqo
– Michael Saylor (@Saylor) August 18, 2025
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