Boyaa Interactive adds $33m in Bitcoin to anchor Web3 gaming push
The post Boyaa Interactive adds $33m in Bitcoin to anchor Web3 gaming push appeared on BitcoinEthereumNews.com. Boyaa Interactive expanded its Bitcoin holdings to 3,670 BTC with a $33 million purchase. The acquisition solidifies the company’s vast crypto reserves as it pivots from traditional online games to a pure-play Web3 entity. Summary Boyaa Interactive expanded its Bitcoin holdings by $33 million, bringing its treasury to 3,670 BTC at an average cost of $62,878. The Hong Kong-listed gaming firm exceeded shareholder mandates, requiring a special disclosure for the purchase. In a press release dated August 25, Boyaa Interactive International Limited announced it had acquired approximately 290 Bitcoin (BTC) over a three-week period, spending roughly $32.9 million in internal cash to do so. The latest purchase, executed on regulated trading platforms, brings the Hong Kong-listed online gaming company’s total treasury to 3,670 BTC, acquired at an average cost of $62,878 per coin. Notably, Boyaa Interactive said the latest acquisition required a special disclosure to exchanges, as it exceeded the company’s pre-approved shareholder mandates for such purchases. The strategy behind Boyaa’s Bitcoin treasury Boyaa, Intercative’s press release outlines a deliberate strategy where Bitcoin is the essential fuel for its ambitious engine of change. The company frames the original crypto not merely as an asset, but as the fundamental basis for Web3 business deployment, ecosystem construction, and a key driver for sustainable development. “The purchase and holding of cryptocurrencies constitute an important foundation and measure in the Group’s implementation of its Web3 strategic transformation,” the statement read. This vision is underscored by a sense of urgency in an increasingly competitive arena. Boyaa revealed a striking data point: at the start of 2024, it was a top-ten global public company in terms of bitcoin holdings, a group of roughly 60 firms. Today, that landscape has dramatically shifted, with approximately 160 listed companies now holding crypto reserves, a surge that has pushed Boyaa’s…
The post Boyaa Interactive adds $33m in Bitcoin to anchor Web3 gaming push appeared on BitcoinEthereumNews.com.
Boyaa Interactive expanded its Bitcoin holdings to 3,670 BTC with a $33 million purchase. The acquisition solidifies the company’s vast crypto reserves as it pivots from traditional online games to a pure-play Web3 entity. Summary Boyaa Interactive expanded its Bitcoin holdings by $33 million, bringing its treasury to 3,670 BTC at an average cost of $62,878. The Hong Kong-listed gaming firm exceeded shareholder mandates, requiring a special disclosure for the purchase. In a press release dated August 25, Boyaa Interactive International Limited announced it had acquired approximately 290 Bitcoin (BTC) over a three-week period, spending roughly $32.9 million in internal cash to do so. The latest purchase, executed on regulated trading platforms, brings the Hong Kong-listed online gaming company’s total treasury to 3,670 BTC, acquired at an average cost of $62,878 per coin. Notably, Boyaa Interactive said the latest acquisition required a special disclosure to exchanges, as it exceeded the company’s pre-approved shareholder mandates for such purchases. The strategy behind Boyaa’s Bitcoin treasury Boyaa, Intercative’s press release outlines a deliberate strategy where Bitcoin is the essential fuel for its ambitious engine of change. The company frames the original crypto not merely as an asset, but as the fundamental basis for Web3 business deployment, ecosystem construction, and a key driver for sustainable development. “The purchase and holding of cryptocurrencies constitute an important foundation and measure in the Group’s implementation of its Web3 strategic transformation,” the statement read. This vision is underscored by a sense of urgency in an increasingly competitive arena. Boyaa revealed a striking data point: at the start of 2024, it was a top-ten global public company in terms of bitcoin holdings, a group of roughly 60 firms. Today, that landscape has dramatically shifted, with approximately 160 listed companies now holding crypto reserves, a surge that has pushed Boyaa’s…
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