{"id":84227,"date":"2023-11-14T01:13:15","date_gmt":"2023-11-14T06:13:15","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/boyaa-interactive-looking-to-purchase-100-million-in-crypto\/"},"modified":"2023-11-14T01:13:16","modified_gmt":"2023-11-14T06:13:16","slug":"boyaa-interactive-looking-to-purchase-100-million-in-crypto","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=84227","title":{"rendered":"Boyaa Interactive Looking to Purchase $100 Million in Crypto"},"content":{"rendered":"<div>\n<figure id=\"attachment_130761\" aria-describedby=\"caption-attachment-130761\" style=\"width: 1200px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-130761\" class=\"wp-caption-text\">Source: Pixabay<\/figcaption><\/figure>\n<p>Hong Kong-based E-gaming giant Boyaa Interactive International Limited is seeking shareholder\u2019s approval for purchasing $100 million worth of crypto in the next 12 months.<\/p>\n<p>According to an announcement from the Hong Kong Stock Exchange, the board of directors of Boyaa Interactive, a Hong Kong-listed company, stated that purchasing and holding cryptocurrency is an important measure for the group\u2019s business layout and development in the Web3 field.<\/p>\n<p>Crypto investment is also an important part of the group\u2019s asset allocation strategy, the company said.<\/p>\n<h2>Boyaa Interactive Looking to Buy Bitcoin and Ethereum<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>As per the announcement, after thorough consideration, the board of directors has formally proposed seeking prior approval from shareholders to grant purchase authorization, empowering the board to acquire cryptocurrency within a 12-month period.<\/p>\n<p>This timeframe begins from the date on which the ordinary resolution, related to both the authorization and potential cryptocurrency purchases, is duly passed by the Extraordinary General Meeting (EGM). The total purchase amount for potential cryptocurrency acquisitions within this period is capped at $100 million.<\/p>\n<p>Earlier on August 11, Hong Kong-listed company Boyaa Interactive disclosed that its board of directors had greenlit a $5 million budget for the group to acquire cryptocurrencies on regulated and licensed trading platforms within the upcoming year, starting from the announcement date.<\/p>\n<p>The selected currencies primarily include Bitcoin (BTC) and Ethereum (ETH). The funding sources for these cryptocurrency acquisitions stem from the cash reserves generated by the group\u2019s operations, spanning both Hong Kong and overseas.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/boyaa-interactive-looking-to-purchase-100-million-in-crypto.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Pixabay Hong Kong-based E-gaming giant Boyaa Interactive International Limited is seeking shareholder\u2019s approval for purchasing $100 million worth of crypto in the next 12 months. According to an announcement from the Hong Kong Stock Exchange, the board of directors of Boyaa Interactive, a Hong Kong-listed company, stated that purchasing and holding cryptocurrency is an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":84228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-84227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Boyaa Interactive Looking to Purchase $100 Million in Crypto | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: Pixabay Hong Kong-based E-gaming giant Boyaa Interactive International Limited is seeking shareholder\u2019s approval for purchasing $100 million worth\" \/>\n<meta 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