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Hong Kong-based development big Ming Shing Group is about to turn into the Sixteenth-largest company Bitcoin holder globally after agreeing to purchase 4,250 BTC price $482.9 million.
The BTC will likely be acquired from British Virgin Islands–registered Profitable Mission Group at a mean value of $113,638 via convertible promissory notes and inventory warrants as an alternative of money, reflecting Ming Shing’s long-term technique to reinforce shareholder worth via digital property.
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 based mostly 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 positive aspects.
Ming Shing Group share value (Supply: Google Finance)
Ming Shing Group To Challenge Convertible Promissory Notes And Inventory Warrants
Promissory notes are a sort of IOU that may later be become firm shares, whereas the warrants give Profitable the flexibility to purchase shares at a hard and fast value sooner or later.
The transaction will contain a 3rd get together by the title of Wealthy A lot Funding Restricted, which can obtain half the worth of the deal. As such, each this third get together and Profitable Mission Group will obtain a convertible notice price greater than $241 million and a warrant to buy greater than 200 million Ming Shing Group shares.
At any time, every of these firms is ready to convert their debt into Ming Shing Group shares at $1.20 per share. Nevertheless, neither of the businesses can maintain greater than 4.99% of Ming Shing Group at any given time, in keeping with the press launch. These promissory notes could have a 10-year maturity.
The identical 4.99% restrict will likely be utilized to the warrants, however they’re redeemable at $1.25 per share anytime within the subsequent 12 years.
Ming Shing Shares Soar As The Firm Appears to be like To Develop 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 improve the Firm’s property,” 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 exhibits. 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 mean buy value of $118,204.88 per coin.
International BTC Treasury Race Gathers Momentum
Over the previous 30 days, 14 extra firms have joined the company Bitcoin shopping for spree, pushing the variety of public firms that maintain BTC on their steadiness sheets to 297, in keeping with Bitcoin Treasuries knowledge.
The vast majority of these entities are based mostly within the US, which accounts for 103 firms. Canada has the second-most BTC treasury companies at 43 such firms.
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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