TechFlow news — Hong Kong-listed company Boyaa Interactive announced in a board statement that purchasing and holding cryptocurrencies is considered a key strategic move for the company's Web3 initiatives and business development, as well as an important component of its asset allocation strategy.
After careful consideration, the board proposes seeking prior shareholder approval to authorize the board to purchase cryptocurrencies with a total value not exceeding US$100 million over the next 12 months.
Previously, on August 11, it was reported that Boyaa Interactive’s board had already approved a budget of US$5 million for the group to purchase cryptocurrencies—primarily Bitcoin (BTC) and Ethereum (ETH)—on regulated and licensed trading platforms within the next year, aiming to advance the company’s future Web3 business strategy.
