Core Viewpoint - The company, Bit Strategy (06113), has a highly concentrated shareholding structure, with 16 shareholders holding a total of 72.71 million shares, representing 18.18% of the issued share capital as of September 30, 2025 [1] Shareholding Structure - As of September 30, 2025, 16 shareholders collectively own 72.71 million shares, which is 18.18% of the company's issued share capital [1] - Two major shareholders hold 300 million shares, accounting for 75.00% of the issued shares, leading to a total of 93.18% of the shares being held by a small number of shareholders [1] - Only 27.29 million shares, or 6.82% of the issued share capital, are held by other shareholders [1] Stock Price Performance - The company's stock price increased from HKD 1.40 on March 7, 2025, to HKD 5.18 on September 30, 2025, representing a 270% increase [1] - On October 14, 2025, the stock price closed at HKD 4.17, which is 198% higher than the closing price of HKD 1.40 on March 7, 2025 [1] Market Implications - Due to the high concentration of shareholding, even minor transactions can lead to significant price fluctuations, suggesting that shareholders and potential investors should exercise caution when trading the company's shares [1]
港证监：比特策略(06113)股权高度集中