#HongKongFinance

Hong Kong looks to the United States and to the companies of DAT

These are perhaps the companies that have shown the most interest in investing in cryptocurrencies, but there are many more. Boyaa Interactive, a Chinese online gaming firm and one of the first present in Hong Kong to invest in bitcoin, has revealed that it has purchased 3,670 bitcoins at a price of 62,878 dollars per token.

Also, IVD Medical Holding, a manufacturer of medical equipment, has made public that it has acquired 5,190 Ether tokens, the cryptocurrency of the Ethereum blockchain platform, which is the second most powerful in the world; and that it is seeking board approval to spend up to 3 billion Hong Kong dollars (329.7 million euros) over three years on the purchase of more cryptocurrencies.

These investments by companies present in Hong Kong in cryptocurrencies come at a time when cryptocurrency prices continue to rise. Bitcoin has improved its results by 90% in the last year, while Ether has done so by more than 80% compared to the previous year.

Hong Kong offers the best conditions (regulatory clarity, institutional-level custody, and banking support) for cryptocurrency treasury companies, such as DAT firms, to thrive, and it does so at a time when regulatory issues are expected to "inevitably intensify".