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Hong Kong-based development big Ming Shing Group is ready to develop into the Sixteenth-largest company Bitcoin holder globally after agreeing to purchase 4,250 BTC price $482.9 million.
The BTC shall be acquired from British Virgin Islands–registered Successful Mission Group at a median worth of $113,638 by way of convertible promissory notes and inventory warrants as an alternative of money, reflecting Ming Shing’s long-term technique to boost shareholder worth by way of digital belongings.
If the deal closes as deliberate by Dec. 31, the corporate’s holdings would rise to five,083 BTC, making it the Sixteenth-largest company Bitcoin holder globally primarily based on as we speak’s rival holdings.
The announcement despatched the corporate’s shares hovering greater than 11% earlier than after-hours profit-taking trimmed good points.
Ming Shing Group share worth (Supply: Google Finance)
Ming Shing Group To Subject Convertible Promissory Notes And Inventory Warrants
Promissory notes are a kind of IOU that may later be changed into firm shares, whereas the warrants give Successful the power to purchase shares at a hard and fast worth sooner or later.
The transaction will contain a 3rd get together by the identify of Wealthy A lot Funding Restricted, which can obtain half the worth of the deal. As such, each this third get together and Successful Mission Group will obtain a convertible word price greater than $241 million and a warrant to buy greater than 200 million Ming Shing Group shares.
At any time, every of these corporations is ready to convert their debt into Ming Shing Group shares at $1.20 per share. Nonetheless, neither of the businesses can maintain greater than 4.99% of Ming Shing Group at any given time, in line with the press launch. These promissory notes can have a 10-year maturity.
The identical 4.99% restrict shall be utilized to the warrants, however they’re redeemable at $1.25 per share anytime within the subsequent 12 years.
Ming Shing Shares Bounce As The Firm Appears to be like To Increase Its Bitcoin Holdings
The deal is a part of the corporate’s mission to supply extra worth to its traders, which it believes Bitcoin will allow it to do.
“We imagine the Bitcoin market is extremely liquid and the funding can seize the potential appreciation of Bitcoin and enhance the Firm’s belongings,” mentioned Ming Shing Group CEO Wenjin Li. “We’re dedicated to creating extra worth for our shareholders and actively exploring choices for the Firm to develop additional.”
Ming Shing already holds 833 BTC, rating it because the Forty fifth-biggest company Bitcoin holder globally, knowledge from Bitcoin Treasuries reveals. With the crypto market chief buying and selling at $113,169.63 as of 8:05 a.m. EST, the corporate’s present Bitcoin reserves equate to greater than $94.27 million.
After receiving the 4,250 BTC, Ming Shing will rank above KindlyMD, the corporate led by Trump Administration crypto coverage adviser, David Bailey, if it doesn’t add to its BTC holdings.
KindlyMD’s newest Bitcoin buy was introduced simply yesterday, when the corporate purchased 5,764.91 BTC for greater than $670.37 million. This BTC was acquired at a median buy worth of $118,204.88 per coin.
World BTC Treasury Race Gathers Momentum
Over the previous 30 days, 14 extra corporations have joined the company Bitcoin shopping for spree, pushing the variety of public corporations that maintain BTC on their steadiness sheets to 297, in line with Bitcoin Treasuries knowledge.
The vast majority of these entities are primarily based within the US, which accounts for 103 corporations. Canada has the second-most BTC treasury corporations at 43 such corporations.
Mixed, the businesses maintain 3.67 million BTC. Technique leads with its reserves of 629,376 BTC. Since beginning its BTC accumulation in 2020, Technique has achieved an unrealized revenue over 54%.
Technique has acquired 430 BTC for ~$51.4 million at ~$119,666 per bitcoin and has achieved BTC Yield of 25.1% YTD 2025. As of 8/17/2025, we hodl 629,376 $BTC acquired for ~$46.15 billion at ~$73,320 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/FLRjCKDMQO
— Michael Saylor (@saylor) August 18, 2025
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