Boyaa Interactive Converts Ethereum To Bitcoin In Significant Transaction

According to Odaily, Hong Kong-listed company Boyaa Interactive (0434.HK) has announced a significant cryptocurrency transaction. Between November 19 and 28, the company exchanged approximately 14,200 ETH for around 515 BTC. The total market value of this transaction was approximately $49.48 million, excluding transaction fees. Boyaa Interactive disclosed that the original purchase cost of the ETH used in this exchange was about $39.45 million. Following the completion of this transaction, the company now holds a total of approximately 3,183 BTC. The average cost of their Bitcoin holdings is estimated to be around $57,700 per BTC. This strategic move reflects Boyaa Interactive's ongoing engagement and investment in the cryptocurrency market, highlighting their focus on optimizing their digital asset portfolio.