Catenaa, Friday, August 22, 2025-Ming Shing Group Holdings, a Nasdaq-listed Hong Kong construction company, announced plans to acquire 4,250 Bitcoin in a $482.9 million agreement with Winning Mission Group, a British Virgin Islands-registered firm.
The deal values each bitcoin at roughly $113,638 and is expected to close by year-end.
The transaction will be executed using convertible promissory notes and stock warrants, rather than cash, and involves a third party, Rich Plenty Investment Limited, which will receive half the deal’s value.
Both Winning Mission and Rich Plenty will each obtain a convertible note exceeding $241 million and warrants to purchase more than 200 million shares of Ming Shing.
CEO Wenjin Li emphasized the firm’s confidence in Bitcoin’s liquidity and potential for long-term asset appreciation, noting the company’s commitment to creating shareholder value and exploring further growth opportunities.
The deal adds Ming Shing to a growing list of public companies incorporating Bitcoin into corporate treasury strategies.
