UTXO Management, in partnership with Sora Ventures, has acquired a majority stake in HK Asia Holdings Limited, a business listed on the Hong Kong Stock Exchange (HKSE).

The acquisition of 70.26% of the issued share capital of HK Asia Holdings positions UTXO to lead the company’s strategic evolution. UTXO intends to rename the company as Moon Inc., reflecting the company’s reaffirmed goals and desire to take the lead in Hong Kong’s vibrant economy.

With a distinct focus on producing higher returns for the business and the shareholders, the new leadership team plans to use its resources and experience to explore bitcoin, web3, and crypto investments.

The acquisition group comprises UTXO Management and Sora Ventures, two important figures who helped Japan’s Metaplanet succeed. Top Legend SPC and Allied Top Investments, two local partners with extensive knowledge of Hong Kong’s public markets, are also part of the company.

Tyler Evans, Managing Partner at UTXO Management expressed his delight at the acquisition.

“This acquisition is more than a transaction; it’s a bold step toward creating value for shareholders. Our partnership with Sora Ventures builds on a proven track record, and we’re excited to lead Moon Inc. into a future where Hong Kong will continue to play an outsized role in global markets.”

Jason Fang, Managing Partner and Founder at Sora Ventures added,

“We are extremely excited to see the launch of Hong Kong’s Bitcoin ETF and Hong Kong being the host for Asia’s largest Bitcoin conference last year. These are all signals that Hong Kong is ready for a more innovative product in their capital market.”

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