Ming Shing Buy $483M Bitcoin Make Stock Jump 29%
Hong Kong Ming Shing Group (MSW) don announce say dem don get agreement to buy bitcoin wey go make dem acquire 4,250 BTC for $483 million. Dis strategic bitcoin buying arrange through Winning Mission Group wey dey registered for BVI, e go settle with convertible notes plus warrants, and dem expect say e go complete by year end. One third party wey be Rich Plenty Investment go get half the purchase value. After dis crypto investment news, MSW stock jump 29% intraday and close 11.5% higher at $1.65. Dis one na follow di January bitcoin purchase wey Ming Shing Group do for 500 BTC for $47.38 million, e still dey show their ongoing bitcoin buying strategy. CEO Lee Man-Kin talk say bitcoin get high liquidity and e fit appreciate, dem wan use am make shareholders value grow. Traders suppose note how MSW stock dey respond and how market dey react to big crypto acquisition.
Bullish
Ming Shing Group big big bitcoin buy na sign wey good for both BTC and MSW stock. Corporate dem dey buy crypto like MicroStrategy and Tesla bin always make price strong before. For short time, MSW shares and bitcoin fit get wahala and price fit climb as traders dey react because demand high. For long time, if company still dey invest, e go make bitcoin price steady for ground and make more company like join the trend, e go make market trust plenty and keep the price dey go up.