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An announcement from Boyaa Interactive International ( (HK:0434) ) is now available.
Boyaa Interactive has scrapped its earlier plan to seek a broad shareholder mandate for potential large-scale cryptocurrency acquisitions, opting instead for a more targeted approach. The board has decided to proceed with a specific Bitcoin purchase, signaling a measured entry into digital assets funded from existing cash reserves.
The company’s wholly owned unit YAAKO Technology has agreed to acquire 10 Bitcoins from independent third party Liquidity Technology Limited for US$749,000, plus a 0.5% service fee. The transaction, financed from idle cash generated by Boyaa’s core business, underscores management’s intention to diversify treasury assets while limiting immediate exposure to the wider cryptocurrency market.
More about Boyaa Interactive International
Boyaa Interactive International Limited is a Hong Kong–listed online gaming company that develops and operates digital entertainment products. Through its subsidiaries, including YAAKO Technology Limited, the group focuses on leveraging its cash-generating gaming operations to pursue technology-related investments and digital asset opportunities.
Average Trading Volume: 3,684,303
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.04B
For detailed information about 0434 stock, go to TipRanks’ Stock Analysis page.