Hong Kong-based Ming Shing Group Holdings Limited has purchased 333 Bitcoin for approximately $27 million, marking a shift into digital assets for the construction company.
The acquisition was made through its subsidiary, Lead Benefit Limited, at an average price of $81,555 per BTC on February 28, 2025.
Ming Shing, which primarily provides wet trades work services — including plastering, tiling, and masonry — sees Bitcoin (BTC) as a liquid reserve asset.
The firm stated that it intends to use idle funds to capitalize on Bitcoin’s potential appreciation while maintaining flexibility to liquidate holdings for operational needs.
Other Bitcoin reserves
This move aligns with a growing trend among public companies diversifying into Bitcoin as an alternative treasury asset.
While major firms like MicroStrategy and Tesla have made high-profile Bitcoin purchases, smaller publicly traded companies — particularly in non-tech sectors — are increasingly exploring digital assets.
Ming Shing’s director, Wenjin Li, emphasized that the decision aligns with its strategy to enhance shareholder value and explore new growth opportunities.
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