Hong Kong’s Boyaa Interactive Plans $70M Crypto Treasury Expansion

Hong Kong based Web3 gaming firm Boyaa Interactive International is seeking shareholder approval to expand its cryptocurrency treasury by up to $70 million over the next year. The company aims to use idle cash reserves during market downturns to increase its crypto holdings and support research and development for its Web3 gaming business.

Crypto Treasury Strategy

If approved, Boyaa plans to invest in tokens with strong market liquidity, high recognition, and long-term holding value. The new allocation would add to its current $285 million crypto treasury, which includes 4,091 Bitcoin worth $280 million and 302 Ether worth $621,200.

Position Among Corporate Bitcoin Treasuries

Boyaa currently ranks as the 23rd-largest corporate Bitcoin treasury globally and the third-largest in Asia-Pacific, behind Japan’s Metaplanet and China’s Next Technology Holding. The company purchased $80.5 million worth of Bitcoin between August and November, signaling ongoing confidence in corporate crypto holdings despite a 45% market drawdown since October.

Web3 Gaming Expansion

Boyaa has shifted from online card and board games to blockchain-based Web3 gaming since late 2023. Its offerings include a Web3 Texas Hold’em poker platform with Bitcoin rewards, combining traditional gaming expertise with crypto-based incentives to engage users.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.