Boyaa Interactive Plans to Invest Up to $70 Million to Purchase Cryptocurrency, Accelerating Web3 Business Layout

ZkProver · 2026-03-24T13:16:38+00:00

Boyaa Interactive (00434) announced a proposal to seek shareholder approval for using up to $70 million of idle cash to purchase cryptocurrencies within the next 12 months to expand its Web3 business development. The company currently holds Bitcoin, Ethereum, and Tether, and plans to conduct transactions on regulated platforms.

ZkProver

2026-03-24 13:16:38

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ChainCatcher News: Hong Kong-listed company Boyaa Interactive (00434) has announced that the board of directors recommends seeking shareholder approval to grant a purchase authorization. This will allow the company to use its idle cash reserves from business operations to potentially buy cryptocurrencies within the next 12 months, with a total amount not exceeding $70 million.

The move aims to take advantage of the downturn in the cryptocurrency market, appropriately increase crypto holdings, and further support the company’s Web3 business development. As of the announcement date, the company holds a total of 4,092 Bitcoin, with an average price of approximately $68,200 each; 302 Ethereum, with an average price of about $1,661 each; and approximately 7,000,700 Tether tokens. The board plans to conduct these cryptocurrency purchases on regulated trading platforms to ensure market liquidity and security.

BTC-2.2%

ETH-1.89%

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