MOON INC (01723): Further purchase of approximately 0.6 units of Bitcoin at a total cost of around HK$533,000.
Hengyue Holdings (01723) announced that on October 28, 2025 (after trading hours), the group publicly released...
MOON INC (01723) announced that on October 28, 2025 (after trading hours), the group further purchased approximately 0.6 units of Bitcoin on the open market, at a total cost of about HK$533,000 (equivalent to approximately US$68,000). The cost of the additional Bitcoin purchases was paid in cash, and was determined based on the buying and selling prices of Bitcoin on the open market. The funds for the additional Bitcoin purchases came from the group's available cash reserves. Settlement of the additional Bitcoin purchases will be made immediately after each purchase order is completed.
As part of the strategic initiative to expand the company's prepaid Bitcoin card business, the additional Bitcoin purchases are intended to help build up Bitcoin inventory to facilitate the sales of prepaid Bitcoin cards and recharge services, ensuring stable liquidity, efficient settlement capabilities, and continuous service support for the prepaid Bitcoin card business. The group maintains Bitcoin operating reserves to meet customer demand promptly and reduce fulfillment times.
The Bitcoin inventory is separate from the company's holdings of crypto assets, which are part of the group's asset allocation strategy to achieve portfolio diversification, hedge against currency devaluation, and support broader asset allocation goals. Unlike the crypto assets held, the purchased Bitcoin inventory will be accounted for as operating inventory using specialized accounting methods, and will be managed through dedicated controls for daily customer service. The company will separately disclose operating inventory and crypto assets in its financial statements.
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