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
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