Hong Kong-listed company approved by the Hong Kong Securities and Futures Commission for virtual asset trading license, stock price hits new high, nearly HKD 1 billion raised, betting on Bitcoin mining

2025-12-31 02:20:13

【CryptoWorld】On December 31, Hong Kong-listed Delin Holdings received a major positive development. Its subsidiary, Delin Securities (Hong Kong) Limited, recently obtained conditional approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services under a comprehensive account arrangement framework. This marks a significant breakthrough for the company in the Web3 space and also signifies that traditional financial institutions are officially recognized to enter the virtual asset trading arena.

The market responded quickly. As of the announcement date, Delin Holdings’ stock price surged over 24%, with a cumulative increase of 45% over the past five trading days, and its market capitalization rose to HKD 4.761 billion. Behind this rally, there is both positive market anticipation of regulatory progress and recognition of the company’s strategic transformation by institutions.

What is even more noteworthy is the company’s financing activities. On October 21, Delin Holdings announced a placement and subscription plan, raising approximately HKD 973 million. The allocation strategy for these funds is quite representative: 56% directly aimed at expanding Bitcoin mining operations, 24% for developing gold-related RWA tokenization products, and the remaining 20% allocated to strategic investments and working capital. It can be seen that the company’s layout in the virtual asset sector is supported by traditional mining business stability as well as forward-looking in innovative tracks like RWA tokenization.

From stock performance to financing implementation and regulatory approval, Delin Holdings’ series of actions demonstrate an accelerating trend of traditional finance transforming into the Web3 era. With the official launch of virtual asset trading services, this company is expected to further enhance its position in the Asian financial market.

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Liquidated_Larry

· 6h ago

Hey, traditional financial institutions are also starting to get involved. Virtual asset trading is really about to take off. The recent surge in Hong Kong stocks has made my hands itch, 45% wow. Raising nearly 1 billion to directly invest in Bitcoin mining—what a bold gamble. They only dare to make such a big move after regulatory approval. Gotta say, Hong Kong moves pretty fast. Wait, is this really conditional approval or just a bluff? Finally, big capital is entering the Web3 space. Those small retail investors are about to be crushed.

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ZenMiner

· 6h ago

Traditional finance has entered the scene, and now virtual asset trading is finally taking the正规军 route. Delin Holdings' move, betting 973 million HKD on Bitcoin mining... their courage is truly remarkable. A 45% increase, can you chase this? Recognition by the Hong Kong Securities and Futures Commission is different; the market's acceptance has directly doubled. Such aggressive financing indicates that the backers are optimistic, all that's missing is policy support.

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RektButAlive

· 6h ago

Wow, the Hong Kong Securities and Futures Commission finally issued licenses. Traditional finance is really going all in on Web3. Haha, wait, is this 45% increase real? Why didn't I get in? Investing 973 million HKD in mining... Hey, this rhythm feels off. Is Bitcoin really on the rise? Delin's move is a bit aggressive, with both financing and licensing strategies, betting on this rebound? Wait, let me take another look at the technicals... But indeed, regulatory approval is a turning point.

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LightningPacketLoss

· 6h ago

Delin's recent licensing approval is truly remarkable, with a 24% increase in 24 hours. I didn't even have time to react. Traditional finance entering virtual assets? The regulators are opening the door. HKD 973 million all-in on Bitcoin mining, really taking a big risk.

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BTCBeliefStation

· 6h ago

Hong Kong stocks Delin is indeed fierce this time. A 45% increase just like that? Traditional financial institutions obtaining virtual asset licenses indicate that this matter has been officially recognized. It feels like 2024 will be very lively.

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