HK Construction Co Buys $483M BTC, Stock Jumps 30% 😂🏗️

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Hong Kong’s Ming Shing Group, a company that’s basically just really good at plastering walls and pretending they’re marble, just dropped a bombshell: they’re buying 4,250 BTC. Because nothing says “stable construction company” like investing $483 million in cryptocurrency. 🤷♂️

The deal? They’re paying with convertible promissory notes and stock warrants. Because why just *pay* for Bitcoin when you can issue IOUs and hope the market doesn’t crash before your stock price recovers? The CEO, Wenjin Li, called it a “highly liquid” move. Let me guess-he’s never owned a stock that’s tanked on a Monday. 🤡

Ming Shing’s stock spiked 29% on the news. Because nothing gets investors more excited than a construction firm suddenly becoming a crypto hedge fund. Meanwhile, Bitcoin is “only” down 8.5% from its all-time high. Guess they’re not *that* worried about the housing market. 🏠💸

“We’re devoted to creating value for shareholders,” said Li. Translation: “We’re trying to figure out how to monetize Bitcoin before our clients realize we’re not actually building anything anymore.” This move joins a growing list of companies playing crypto Monopoly, like Michael Saylor’s “I’m the CEO, therefore I’m a financial wizard” strategy. 🎲

Ming Shing, which specializes in “wet trades” like tiling and floor screeding (because dry trades are apparently too mainstream), joins Hong Kong’s Reitar Logtech in the “Let’s Buy Bitcoin Before We All Go Bankrupt” club. Next up: a Bitcoin-themed IKEA. 🛋️₿

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2025-08-21 11:17