According to BlockBeats, Boyaa Interactive has announced the completion of its plan to purchase Bitcoin using approximately HKD 370 million from a placement. The company acquired around 411 Bitcoins at an average price of USD 115,400 per Bitcoin.
This acquisition is part of Boyaa Interactive's strategy to deepen its Web3 business layout and achieve long-term sustainable development in the gaming ecosystem. As of the announcement date, the group holds approximately 4,091 Bitcoins, with a total cost of about USD 279 million, averaging USD 68,100 per Bitcoin.
The company advises shareholders and investors to be aware of the volatility in the cryptocurrency market.