Hong Kong Gaming Company Boyaa Plans to Purchase Approximately JPY 11 Billion in Cryptocurrencies Including Bitcoin

Implementation within 12 Months Following Shareholder Approval

On the 22nd, Boyaa Interactive announced its intention to seek shareholder approval for a plan to purchase up to $70 million (approximately JPY 11 billion) worth of cryptocurrencies over the next 12 months. The funds for the purchase will come from the company's surplus cash, with the aim of enhancing the operation of its Web3 business.

The specific types of cryptocurrencies to be purchased have not been disclosed, but the company already holds 4,092 Bitcoins (BTC), Ethereum...