Boyaa Interactive Plans to Spend Nearly $70 Million on Cryptocurrency Purchase

SmartContractAuditor · 2026-03-22T12:21:53+00:00

Boyaa Interactive announced that it plans to seek shareholder approval to use up to 70 million USD of idle cash within the next 12 months to purchase cryptocurrencies, aiming to capitalize on market downturns to support the development of its Web3 business. The company currently holds Bitcoin, Ethereum, and Tether, and intends to make purchases on regulated trading platforms.

SmartContractAuditor

2026-03-22 12:21:53

Abstract generation in progress

Odaily Planet Daily News: Boyaa Interactive (00434) announced that the board of directors recommends seeking shareholder approval to grant a purchase authorization, allowing the company to use idle cash reserves from its business operations to potentially buy cryptocurrencies within the next 12 months, with a total amount not exceeding $70 million. 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.

As of the announcement date, the company holds a total of 4,092 Bitcoin, with an average price of approximately $68,200 each; 302 Ethereum, with an average price of about $1,661 each; and about 7,000,700 Tether tokens. The board plans to conduct these cryptocurrency purchases on regulated trading platforms to ensure market liquidity and security.

BTC-2,36%

ETH-3,14%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.