Hong Kong-listed company Boyaa Interactive plans to seek shareholder authorization to use up to $70 million in idle cash to purchase cryptocurrencies, primarily Bitcoin, within the next 12 months to support Web3 business development. The company currently holds 4092 BTC, 302 ETH, and approximately 7 million USDT. Since the company previously purchased approximately $80.51 million worth of BTC, the combined transaction constitutes a material transaction that requires shareholder approval.
Hong Kong-listed company Boyaa Interactive plans to seek shareholder authorization to use up to $70 million in idle cash to purchase cryptocurrencies, primarily Bitcoin, within the next 12 months to support Web3 business development. The company currently holds 4092 BTC, 302 ETH, and approximately 7 million USDT. Since the company previously purchased approximately $80.51 million worth of BTC, the combined transaction constitutes a material transaction that requires shareholder approval.