Hong Kong game company Boyaa seeks approval for 11.1 billion yen crypto purchases

The company already holds Bitcoin, Ethereum, and Tether (U.S. dollar-pegged stablecoin), and plans additional acquisitions subject to shareholder approval.

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Terms & Concepts
  • Tether: A stablecoin designed to track the U.S. dollar, commonly used for trading and moving funds across crypto markets.
  • Stablecoin: A cryptocurrency built to maintain a stable value, usually by being linked to a fiat currency such as the U.S. dollar.
  • Shareholder approval: A formal vote by a company’s owners to authorize a proposed action, such as a major investment or asset purchase.