Hong Kong-listed company Boyaa Interactive intends to spend US$5 million to purchase cryptocurrencies in order to lay out the Web3 field

Odaily Planet Daily News Hong Kong-listed company Boya Interactive announced that the board of directors has approved a budget of US$5 million (approximately HK$39.098 million) for the group to purchase cryptocurrencies on regulated and licensed trading platforms within the next year, mainly including Bitcoin ( BTC) and Ethereum (ETH) to promote the company's future business layout in the Web3 field. Boyaa Interactive stated that the group’s source of funds for cryptocurrency purchases is the cash reserves generated by the group’s operations in Hong Kong and overseas. With regard to the purchase of cryptocurrencies, the Group will execute at its discretion based on market conditions. The board of directors believes that the group's purchase of cryptocurrencies (mainly including BTC and ETH) is in the overall interests of the group and shareholders. Regarding the purchase of cryptocurrencies, the Group will strictly abide by the control policies related to cryptocurrencies in relevant jurisdictions. (Hong Kong Economic Times)