Moon Inc. (1723) Announces Further Bitcoin Acquisition and Business Update

Bulletin Express
Oct 28

Moon Inc. (Stock Code: 1723) disclosed that on 28 October 2025, the group acquired approximately 0.6 units of bitcoin in open market transactions at an aggregate cost of around HK$533,000 (about US$68,000). This acquisition follows its previous purchases of around 28.88 units of bitcoin at a total cost of approximately HK$19,653,000 (about US$2,520,000), carried out between 16 February 2025 and 14 April 2025.

According to the announcement, these purchases serve as part of a strategic move to support the group’s launch of pre-paid bitcoin cards. The recently acquired bitcoin will be recorded separately from the group’s treasury digital asset holdings and will be managed as operating inventory to ensure prompt customer service and operational continuity. The pre-loaded or top-up functionality of the new cards will rely on the group’s bitcoin reserve, which aims to enhance settlement efficiency and liquidity.

When aggregating the latest acquisition with the earlier bitcoin purchases, the total applicable percentage ratios exceed 5% but remain below 25%, thus constituting a discloseable transaction under Chapter 14 of the Listing Rules. Relevant shareholders and investors are advised to exercise caution when dealing in the company’s shares, and further disclosures will be made according to regulatory requirements.

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