Chinese Gaming Giant Announces $100M Investment in Crypto

Chinese Gaming Giant Announces $100M Investment in Crypto



Boyaa Interactive, a Chinese board and card game enterprise listed on the Hong Kong Exchanges and Clearing Limited, has announced its intention to invest around $100 million in cryptocurrency assets, with a focus on Bitcoin (BTC) and Ethereum (ETH). This move aligns with the growing trend of institutional investments in cryptocurrencies, particularly Bitcoin and Ethereum.



The company's leadership believes that this investment is a key step in strengthening its position in the Web3 arena. As per a report from the Hong Kong Exchanges and Clearing Limited, Boyaa Interactive plans to complete this acquisition over the next 12 months, starting from the date of approval at the Extraordinary General Meeting (EGM).



The company has informed its shareholders that they will receive a notice regarding the EGM, along with other relevant


Read more about Chinese Gaming Giant Announces $100M Investment in Crypto


#Altcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations

Comments

Popular posts from this blog

Notcoin Launches Major Airdrop Campaign on Telegram, Distributing 80 Billion Tokens

Tether Achieves Record $4.5 Billion Profit in Q1 2024 Amid Surging Treasury Holdings

Cryptocurrency Market Fluctuates: Fear and Greed Index Drops to Fear Level