Boyaa Interactive Plans to Spend No More Than $70 Million on Cryptocurrency Purchases

Gate News, March 22 — Boyaa Interactive announced that the board of directors has proposed seeking shareholder approval to grant a purchase authorization. The plan is to use the company’s idle cash reserves from business operations over the next 12 months to buy cryptocurrencies, with a total amount not exceeding $70 million. Boyaa Interactive stated that this move aims to take advantage of the downturn in the cryptocurrency market, appropriately increase cryptocurrency holdings, and further support the company’s Web3 business development. The announcement shows that Boyaa Interactive currently holds 4,092 Bitcoin (average price $68,200), 302 Ethereum (average price $1,661), and 7 million USDT.