Hong Kong Firm Boyaa Interactive Seeks Shareholder Approval for Crypto Treasury Expansion

Boyaa Interactive International, a Hong Kong-listed Web3 gaming firm, is seeking shareholder approval to expand its crypto treasury by up to $70 million over the next year.

The company plans to use its 'idle cash reserves during periods of weakness in the cryptocurrency market' to increase its existing positions and support research and development of its Web3 gaming business.

Boyaa's current crypto treasury totals nearly $3 billion, with 4,091 Bitcoin worth $2.8 billion and 302 Ether (ETH) worth $621,200.