Boyaa Interactive plans to spend no more than $70 million to purchase cryptocurrencies and expand its Web3 business footprint

ZkProver · 2026-03-27T17:41:52+00:00

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

ZkProver

2026-03-27 17:41:52

Abstract generation in progress

ChainCatcher news, Hong Kong-listed company Boyaa Interactive (00434) announced that the board of directors recommends seeking shareholder approval to grant purchase authority to use idle cash reserves generated from the company’s business operations for potential cryptocurrency purchases within the next 12 months, with a total amount not exceeding $70 million.

This move aims to take advantage of opportunities during the downturn in the cryptocurrency market to appropriately expand the allocation of cryptocurrencies and further support the company’s Web3 business development. As of the announcement date, the company holds a total of 4,092 bitcoins, with an average purchase price of approximately $68,200; a total of 302 ethers, with an average purchase price of approximately $1,661; and approximately 7,000,700 Tether coins purchased. The board plans to conduct these cryptocurrency purchases on regulated trading platforms to ensure market liquidity and security.

BTC-3.59%

ETH-3.44%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes