Source: Cointelegraph Original: "{title}"
In May 2013, investor Davinci Jeremie urged people to "just buy $1 worth of Bitcoin," suggesting the potential for life-changing returns. At that time, Bitcoin was valued at around $100. Over the next decade, savvy investors heeded his advice, acquiring Bitcoin before the U.S. ETF wave pushed its price past $100,000 for the first time.
Now, companies are beginning to recognize the value of investing in Bitcoin. Michael Saylor's Strategy company (formerly MicroStrategy) saw its stock price soar over 2,200% after acquiring its first Bitcoin. However, companies do not need to accumulate over 478,000 Bitcoins (BTC) to benefit from Bitcoin's risks.
Hong Kong investment firm HK Asia Holdings saw its stock price surge 93% after purchasing just one Bitcoin. Buying about 12% of Bitcoin from its historical peak yielded a decent return.
This week's Crypto Biz newsletter explores the Bitcoin economy, focusing on HK Asia's purchase, the expansion of Bitcoin mining's economic footprint, and the growing institutional interest in strategy.
Hong Kong-based investment firm HK Asia Holdings acquired one Bitcoin (BTC) on February 13 for approximately $96,150. Three days later, the company disclosed this investment, and its stock price surged nearly 93%.
The stock price reached a daily peak of HK$5.50 or 71 cents, the highest point in four and a half years.
The decision to acquire a single Bitcoin was approved by the company's board, which was encouraged by the increasing popularity of cryptocurrencies in the business world. The company stated that this acquisition "is symbolically significant in scale and marks an important step for the company in aligning with the evolving global financial landscape."
HK, along with several Asian companies such as Hong Kong construction firm Ming Shing and Japan's Metaplanet, purchased Bitcoin. For Metaplanet, since disclosing its initial Bitcoin purchase, the company's stock price has soared over 3,900%.
Bitcoin miners not only generate record profits but also have a significant impact on the overall economy. According to a report by the Perryman Group released by the Digital Chamber of Commerce and the Texas Blockchain Council, the Bitcoin mining industry has created over 31,000 jobs in the U.S.
Most of the jobs are concentrated in 12 states, with Texas accounting for more than a third of the total. There has also been a noticeable increase in mining-related hiring in Georgia, North Dakota, and New York.
Annual economic benefits of the U.S. Bitcoin mining industry. Source: Texas Blockchain Council
The report found that Bitcoin mining activities generate $4.1 billion in GDP annually and support local energy grids as load-balancing resources. These trends signal new support for Bitcoin mining from the Trump administration.
Reportedly, 12 states hold shares in Strategy company (MSTR), with Michael Saylor's business intelligence firm effectively becoming a Bitcoin bank. According to Bitcoin analyst Julian Fahrer, California, Florida, Wisconsin, and North Carolina's retirement funds and treasuries hold the most MSTR shares.
For example, the California State Teachers' Retirement System holds 264,713 shares of MSTR, valued at approximately $76 million. The Florida State Board of Administration holds 160,470 shares, valued at about $46 million.
The California State Teachers' Retirement System invested in Strategy company. Source: U.S. Securities and Exchange Commission
These 12 states have a total MSTR risk exposure valued at $330 million.
Strategy company is currently the world's largest corporate Bitcoin (BTC) treasurer, holding 478,740 BTC on its balance sheet.
In 2014, Tether was sold to the operator of Bitfinex, with a valuation of less than $1 billion at the time, while stablecoin co-founder Reeve Collins was launching a decentralized competitor to earn returns for holders.
In the second half of 2025, Collins plans to launch the Pi Protocol on the Ethereum and Solana blockchains. This protocol will use smart contracts to mint the USP stablecoin in exchange for yield-generating USI tokens. Collins stated that this stablecoin will be fully backed by bonds and other real-world assets.
This year, as Tether's USDt (USDT) fended off competitors including Circle's USD Coin (USDC), Ethena's USDe (USDE), and Dai (DAI), the stablecoin market saw significant activity. According to DefiLlama data, the total value of stablecoins exceeds $225 billion.
Stablecoins reached an all-time high in 2024, with trading volumes surpassing those of Visa and Mastercard.
Crypto Biz provides you with the pulse of the business behind blockchain and cryptocurrency every week, delivered directly to your inbox every Thursday.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
