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

DeepFlowTech · 2026-03-22T12:17:48+00:00

Boyaa Interactive (00434) Board recommends shareholders approve the use of up to $70 million in idle cash to purchase cryptocurrencies, aiming to expand crypto asset allocation and support Web3 business development. The company currently holds Bitcoin, Ethereum, and Tether.

DeepFlowTech

2026-03-22 12:17:48

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Deep Tide TechFlow News, on March 22, Hong Kong-listed company Boyaa Interactive (00434) announced that the board of directors has proposed seeking shareholder approval to grant a purchase authorization, allowing the company to use its idle cash reserves from business operations over the next 12 months for potential cryptocurrency acquisitions, with a total amount not exceeding $70 million. This move aims to capitalize on 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-3,06%

ETH-3,81%

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