Coindesk
10 months agoCryptocurrency
Hong Kong Gaming Company Boyaa Interactive Seeks Approval to Buy $100M in Crypto to Boost Web3 Strategy
Chinese gaming company Boyaa Interactive plans to buy up to $100 million worth of cryptocurrencies, including bitcoin and ether, within a year.
The company believes that the purchase and holding of cryptocurrencies will support its business layout and development in the field of Web3.
The $100 million crypto acquisition constitutes roughly 38% of Boyaa Interactive's total assets. [ more ]