Summary
- Hong Kong-listed social game developer Boyaa Interactive has reportedly raised about $56.5 million to stockpile Bitcoin.
- Boyaa Interactive said it plans to use 90% of the raised funds to buy Bitcoin and 10% for company operations.
- The board said it views Bitcoin as a core strategic asset of the Web3 industry and will strengthen the company's competitiveness through proactive stockpiling.
Hong Kong-listed social game developer Boyaa Interactive has reportedly raised 440 million Hong Kong dollars (about $56.5 million) to stockpile Bitcoin (BTC).
On the 9th (local time), according to oDaily, Boyaa Interactive raised 440 million Hong Kong dollars to purchase Bitcoin. 90% of the raised funds will be used to purchase Bitcoin, and the remaining 10% will be used for company operations.
Boyaa's board said, "Bitcoin is a core strategic asset of the Web3 industry," and that "by proactively stockpiling, we will enhance the company's competitiveness."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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