Well, hold onto your wallets! Hong Kong’s very own Boyaa Interactive International is on the brink of a thrilling shareholders’ meeting, where they plan to ask for a whopping $70 million to dive headfirst into the wild world of cryptocurrencies. Yes, you heard that right-cryptos! This is all part of their grand scheme to jazz up their Web3 gaming empire. Who needs boring old cash when you can have digital gold, right?
On March 22, 2026, Boyaa made the announcement that will either lead to glory or a spectacular crash and burn. They’re proposing a 12-month acquisition spree-because why not? The board is looking for some formal thumbs-up from shareholders at the annual general meeting to let loose those idle cash reserves for what they call “strategic acquisitions.” Sounds fancy!
Now, let’s talk numbers-an aggregate purchase amount not exceeding $70 million, primarily targeting the big shots: bitcoin (that’s BTC for you crypto aficionados) and ether (or ETH if you’re feeling cool). This is all to support their Web3 research and infrastructure. As of now, they already have 4,092 BTC, which they got at a cheeky average price of $68,211 each, and 302 ETH at around $1,661. That’s quite the crypto stash!
And what will they do with these shiny new assets, you ask? Well, they’re planning to pour them into the “Boyaa Network,” a public blockchain for Web3 games expected to launch mid-2026. Because clearly, the world needs more blockchain games than it knows what to do with. This little venture is classified as a major acquisition under Hong Kong’s rules-probably because it involves lots of zeros and a dash of potential chaos.
In a statement that sounds just a tad dramatic, the Boyaa Interactive board declared, “The Potential Cryptocurrency Acquisitions represent an important step in the Group’s Web3 strategic transformation.” Translation: “We’re betting big, folks!” as they announced it all in a rather official-sounding announcement.
🧭 FAQs
• What is the total investment limit for the local Hong Kong mandate? The Boyaa Interactive board is seeking approval for an aggregate acquisition amount of $70 million. Because who wouldn’t want to risk that much?
• Which specific digital assets will the group acquire for its treasuries? They’ll mainly focus on bitcoin and ether to keep the Web3 game ecosystem thriving, or at least trying to!
• When will shareholders receive the circular regarding this major transaction? Expect a glamorous circular to land in your inbox by April 24, 2026. Set your reminders, people!
• Where will these cryptocurrency transactions be conducted by the Group? Acquisitions will strut their stuff on regulated platforms like Hashkey Exchange and OSL Exchange. Get ready to click!
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2026-03-23 11:59