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Boyaa Interactive Seeks Approval for Up to $70 Million in Crypto Purchases

Boyaa Interactive Seeks Approval for Up to $70 Million in Crypto Purchases

According to the company, Boyaa Interactive plans to expand its crypto treasury with up to $70 million in Bitcoin and Ether purchases, using market downturns to add to holdings over 12 months.

BTC
ETH
USDT

Fact Check
The claim is directly supported by an official company announcement from Boyaa Interactive (00434.HK) on its official website (boyaa.com.hk) and widely reported by reputable financial news platforms like Yahoo Finance and PANews. The details regarding the $70 million limit, the 12-month duration, and the use of idle cash are consistent across all sources.
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Summary

Boyaa Interactive said it plans to seek shareholder approval for a mandate to purchase up to $70 million in cryptocurrencies over the next 12 months. The company stated that surplus cash would fund the purchases and said the move is intended to strengthen its Web3 operations. The latest update indicates Boyaa is targeting Bitcoin and Ether for the treasury expansion and plans to use market dips and broader downturns as opportunities to increase holdings. Boyaa already holds Bitcoin, Ethereum, and USDT, adding to its existing crypto exposure as it pursues the proposed buying plan.

Terms & Concepts
  • Bitcoin: The largest cryptocurrency by market value, used as a digital asset and decentralized payment network.
  • Ether: The native cryptocurrency of the Ethereum network, used to pay transaction fees and support activity on blockchain-based applications.
  • USDT: A U.S. dollar-pegged stablecoin issued by Tether, commonly used for trading and transferring value in crypto markets.