"The purchase and holding of cryptocurrencies is a pivotal move for the Group to path its business layout and development in the field of Web3," the company said in a filing released by the Hong Kong Stock Exchange.
The $100 million crypto acquisition is a substantial amount for the company, constituting roughly 38% of its total assets, the filing said.
"In view of the virtual assets' attraction to global investors and the future opportunities that will be opened up as virtual assets move into the field of Web3, the Hong Kong Government has been committed to providing a facilitating environment for promoting the sustainable development of virtual asset transactions," Boyaa Interactive stated in the filing.
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