According to news on January 13, Mingcheng Group Holdings Limited (Nasdaq: MSW), a Hong Kong company mainly engaged in cement and water engineering, announced that its wholly-owned Hong Kong subsidiary Lead Benefit (HK) Limited ("Lead Benefit") On January 9, 2025, 500 Bitcoins were purchased at an average price of US$94,375 per Bitcoin, with a total investment of approximately US$47 million. Mingcheng intends to use its idle funds to purchase Bitcoin as a short-term investment to capture the potential appreciation of Bitcoin and increase its assets. The Company believes that the Bitcoin market is highly liquid and that Bitcoin can be easily disposed of to fund the Company's wet-work engineering operations when needed.