Hong Kong Based Boyaa Plans to Buy $45 million Worth of Bitcoin As Treasury Reserve Asset

Boyaa Interactive, a Hong Kong-based gaming company, revealed plans for a potential investment in cryptocurrencies, including Bitcoin, as this endeavor seeks to enhance the Group’s asset allocation strategy.

Following an earlier voluntary announcement in August 2023, Boyaa’s Board views BTC and crypto acquisition as pivotal for its business expansion and asset allocation strategy. The company aims to seek shareholders’ approval to authorize a $100 million acquisition mandate for purchasing Bitcoin, crypto, and stablecoins within a 12-month period.

The proposed mandate outlines the key parameters:

Mandate Period: The acquisition mandate spans 12 months post the ordinary resolution’s approval… Read more on BitcoinMagazine

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