In September and October this year, many leading real estate companies in Hong Kong have purchased SHIB in large numbers.
Since September, the company headquartered in Central has purchased SHIB with a total value of more than 15 million U.S. dollars in five installments. The person in charge of the corporate finance department said that the purpose of the large-scale acquisition of SHIB is to maintain a balanced distribution of corporate assets, not for short-term investment profits. Companies are optimistic about the long-term holding value of SHIB and will not sell them for profit in the short term.
According to the analysis of the appreciation of SHIB in the past two months. The company has made at least 400% profit by purchasing SHIB in batches.
Another real estate company headquartered in Kowloon said. The company has paid attention to the market enthusiasm of SHIB in the past six months, and has purchased SHIB in batches as a reserve for enterprise development. However, the spokesperson of the company did not give a clear reply on the number and amount of the acquisition.
There have been precedents for the acquisition of virtual currency as a balance and reserve of corporate assets. As early as 2010, many Hong Kong real estate companies purchased and stocked a large amount of Bitcoin.
Hong Kong values cryptocurrency
In November 2020, the CEO of a Hong Kong real estate company revealed that the company’s return on Bitcoin through the acquisition of Bitcoin in the past ten years has exceeded thousands of times.
In recent years, due to the high price of Bitcoin, companies, institutions and investors are actively looking for the next cryptocurrency, while low-value virtual currencies such as SHIB and Dogecoin have rapidly become popular in the past two years, causing many companies And the institution’s high attention.
Public information shows that SHIB was born in August 2020 with a circulation of 1,000 trillion. On May 17, 2021, the founder of Ethereum destroyed 45% of SHIB. On October 28, 2021, the value of SHIB soared by more than 45% within 24 hours, thus successfully ranking among the top 10 digital tokens with the highest market value.
According to the analysis of many people in the financial industry in Hong Kong, SHIB have been accepted by more and more individual customers in the market due to their low price, low entry barriers, and high activity. In addition, the wealth creation myth of SHIB has also attracted a large number of ordinary investors influx. According to reports, in 2020, a Hong Kong university student used the 240,000 Hong Kong dollars gifted by his parents to purchase SHIB. After the sale this year, he used the proceeds to purchase two properties on Hong Kong Island.
At the same time, many Hong Kong financial professionals reminded the public through the media that the current development prospects of SHIB are still uncertain, and its price volatility is large, and investment risks are high. For the public, they still need to be cautious.