Hong Kong-based construction company Ming Shing Group Holdings has made headlines with its major leap into the digital asset space. In a strategic shift that could redefine its financial future, the NASDAQ-listed firm announced a deal to acquire 4,250 bitcoins — a transaction valued at approximately $483 million.
Ming Shing’s First Step Into Bitcoin Treasury Strategy
This groundbreaking move marks the company’s first foray into a bitcoin treasury strategy, aligning with a growing trend of institutional crypto adoption in Asia. Ming Shing signed the agreement with Winning Mission Group Limited, aiming to finalize the deal by December 31, 2025.
Rather than paying in cash, Ming Shing has structured the acquisition through a combination of convertible promissory notes and share warrants, enabling greater financial flexibility. As part of the arrangement, half of the transaction—representing 2,125 bitcoins—was assigned to Rich Plenty Investment Limited, which issued a corresponding promissory note.
Terms of the Deal: Convertible Notes and Long-Term Warrants
Both Winning Mission Group and Rich Plenty Investment will receive convertible notes and warrants, giving them the right to purchase up to 201.2 million ordinary shares in Ming Shing Group. The notes carry a 3% annual interest rate over a period of ten years, while the warrants are exercisable over 12 years, all subject to certain ownership limits.
This innovative financial setup shows how traditional companies are leveraging crypto assets for long-term strategic growth, without compromising immediate liquidity or shareholder equity.
Ming Shing CEO Wenjin Li emphasized the rationale behind the move:
“This acquisition allows us to benefit from bitcoin’s liquidity and potential long-term growth. It also strengthens our balance sheet with digital assets,” he said in a statement.
Li’s remarks reflect a broader shift in the Asian corporate landscape, where more firms are embracing bitcoin and other cryptocurrencies as viable treasury assets. This deal positions Ming Shing Group not just as a construction leader, but as a forward-looking player in the digital economy.
With a structured deal and a clear strategic vision, Ming Shing’s entry into crypto could inspire other traditional firms to explore the potential of blockchain and digital assets.
