MOON INC (01723) announced that on October 31, 2025 (after trading hours), the group purchased an additional approximately 6.12 units of Bitcoin in the open market, with a total consideration of about HK$5.242 million (equivalent to approximately US$672,000). The payment for the additional Bitcoin acquisition was made in cash, based on the prevailing buy and sell prices of Bitcoin in the open market. The funds for this transaction were sourced from the group's available cash reserves, and settlement was completed immediately after each purchase order.
The company's board noted the increasing adoption of cryptocurrencies in the business world, particularly Bitcoin's inclusion in investment portfolios. The board believes that cryptocurrencies, especially Bitcoin—as one of the earliest and largest by market capitalization—hold significant appreciation potential as a reliable store of value. Given the uncertain global economic outlook and unprecedented fiscal stimulus measures (including quantitative easing) implemented by governments worldwide, the substantial increase in money supply by central banks has exerted depreciation pressure on fiat currencies. The board views this Bitcoin acquisition as a symbolic step, reflecting the group's commitment to adapting to the evolving global financial landscape while diversifying its investment portfolio and enhancing asset value.
The group acknowledges the high volatility of cryptocurrency prices. However, the board has decided to invest in Bitcoin, the largest cryptocurrency by market cap, to enhance long-term shareholder value. This move also signals the group's ambition and determination to embrace technological innovation, positioning itself for potential expansion into the blockchain industry.