According to Wu Shuo, as reported by Globenewswire, Ming Cheng Group Holdings Limited (NASDAQ: MSW) is a Hong Kong company primarily engaged in masonry engineering. It announced that its wholly-owned Hong Kong subsidiary Lead Benefit (HK) Limited ("Lead Benefit") purchased 500 bitcoins at an average price of $94,375 per bitcoin on January 9, 2025, totaling an investment of approximately $47 million. Ming Cheng intends to use its idle funds to purchase bitcoins as a short-term investment to capture the potential appreciation of bitcoin and increase its assets.

Wu Shuo learned that, according to Globenewswire, Ming Cheng Group Holdings Limited (NASDAQ: MSW) is a Hong Kong company primarily engaged in masonry engineering. It announced that its wholly-owned Hong Kong subsidiary, Lead Benefit (HK) Limited ("Lead Benefit"), purchased 500 Bitcoins at an average price of $94,375 per Bitcoin on January 9, 2025, with a total investment of approximately $47 million. Ming Cheng intends to use its idle funds to purchase Bitcoins as a short-term investment to capture the potential appreciation of Bitcoin and increase its assets.

Lead Benefit, a Hong Kong subsidiary of Ming Cheng Group, has purchased 500 Bitcoins for 47 million USD.