AsiaStrategy
Trades luxury watches while expanding into institutional Bitcoin-treasury operations in Asia.
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Profile
Operates through a Hong Kong luxury-watch trading subsidiary that buys from regional sources and sells to retailers and distributors. A Cayman holding company, it has also expanded toward institutional digital-asset and Bitcoin-treasury operations in Asia.
Operates through Top Win Hong Kong, a luxury-watch trading subsidiary that buys from Europe, Singapore, Japan, and Hong Kong and sells to retail sellers and watch-industry distributors. The legacy business sources watches internationally.
Formed in the Cayman Islands as a holding company, it has no standalone operations. Its ordinary shares began Nasdaq trading in 2025 after the group reorganized around the Hong Kong operating business.
Since 2025, management has expanded toward institutional digital-asset and Bitcoin-treasury operations in Asia. The initiative uses Bitcoin custody and settlement arrangements through Anchorage Digital Bank.
Company facts
Key statistics
Year to date −48.6% · Average volume (30d) 192.7K
Analysts
No analyst consensus on record.
Earnings
Not reported.
Financial highlights
| 7 quarters | Q4 FY22 | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $7.1M | $11.5M | $7.3M | $7.9M | $9.7M | $845.9K | |
| Gross profit | $631.3K | $910.5K | $461.7K | $541.3K | $875.5K | $14.0K | |
| Operating income | $96.8K | $464.7K | $294.4K | −$118.7K | $347.1K | −$135.1K | |
| Net income | $36.0K | $271.6K | −$74.9K | −$218.1K | $175.9K | $1.6M | |
| Diluted EPS | $0.00 | $0.01 | −$0.00 | −$0.01 | $0.01 | $0.07 | |
| Gross margin | 8.9% | 7.9% | 6.3% | 6.8% | 9.0% | 1.7% | |
| Operating margin | 1.4% | 4.0% | 4.0% | -1.5% | 3.6% | -16.0% |
Balance sheet, Dec 31, 2025Cash & short-term investments $2.5M · Total debt $1.8M · Total assets $5.1M · Shareholders' equity $2.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 24.86M · Float 4.86M · 19.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Sora Ventures Global Limited | 14.45M | 58.10% | 13D | Feb 4, 2026 |
| Pride River Limited | 14.45M | 58.10% | 13D | Nov 10, 2025 |
| Jason Kin Hoi Fang · director, officer: Co-Chief Executive Officer | 14.45M | 58.12% | Form 4 | Mar 18, 2026 |
| Geode Capital Management, LLC | 15.1K | 0.06% | 13F | May 15, 2026 |
| Wedbush Securities Inc | 13.3K | 0.05% | 13F | Apr 21, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Strategy
Large Nasdaq-listed Bitcoin treasury and digital-credit issuer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AsiaStrategy | $1.65 | +1.23% | $40.3M | 24.9 | — | 28.6 | — |
| Strategy | $127.88 | +0.46% | $42.12B | — | 3.7 | 84.5 | +6.9% |
| Median | — | 3.7 | 84.5 | +6.9% |