FilingReader Intelligence

Moon Inc. Follow-up: Bitcoin Expansion and Prepaid Card Plans

October 31, 2025 at 02:19 PM UTCBy FilingReader AI

Moon Inc. reported a further acquisition of approximately 6.12 units of bitcoin on October 31, 2025, for an aggregate consideration of approximately HK$5,242,000. This purchase was made in open market transactions and funded by the group’s available cash reserves.

The board believes that cryptocurrencies, particularly bitcoin, offer significant potential as a dependable store of value and an effective hedge against fiat currency depreciation amidst global economic uncertainty. This move is seen as a strategic step to align with the evolving financial landscape and enhance the group's asset value, despite the noted high volatility of cryptocurrency prices.

The acquisition, when aggregated with previous bitcoin purchases within a 12-month period, constitutes a discloseable transaction under Chapter 14 of the Listing Rules, as one or more applicable percentage ratios exceed 5% but are less than 25%. Moon Inc. also plans to launch pre-paid bitcoin cards, expanding its product diversification beyond its current pre-paid SIM card business.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

HKEX:1723Hong Kong Exchange

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