Ming Shing Group Purchases 333 Bitcoin as a Short-Term Investment

Ming Shing Group Holdings Limited, a Hong Kong-based construction company, has made a notable move into the digital asset space by purchasing 333 Bitcoin for approximately $27 million. This acquisition was made through its subsidiary, Lead Benefit Limited, on February 28, 2025, at an average price of $81,555 per Bitcoin.

Ming Shing Group, primarily known for providing wet trades services such as plastering, tiling, and masonry, views Bitcoin as a liquid reserve asset. The company plans to utilize idle funds to benefit from Bitcoin’s potential appreciation while maintaining the flexibility to liquidate the holdings if operational needs arise.

This purchase aligns with a growing trend among public companies, particularly those in non-tech sectors, diversifying their treasury into Bitcoin as an alternative asset. While large firms like MicroStrategy and Tesla have made significant Bitcoin investments, smaller publicly traded companies are also following suit and exploring digital assets as part of their financial strategy.

Wenjin Li, Ming Shing’s director, highlighted that the decision to acquire Bitcoin is part of the company’s broader strategy to enhance shareholder value and explore new growth opportunities.