Boyaa Interactive, a Hong Kong-listed company, plans to seek shareholder approval to use up to $70 million of idle cash to purchase cryptocurrencies, primarily Bitcoin, over the next 12 months. This move aims to support the company's Web3 business development. Currently, Boyaa Interactive holds 4,092 BTC, 302 ETH, and approximately 7 million USDT. The proposed purchase, combined with a previous acquisition of approximately $80.51 million in Bitcoin, constitutes a significant transaction requiring shareholder consent.
Boyaa Interactive Seeks Shareholder Approval for $70M Crypto Purchase
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