Boyaa Interactive Buys 152 Bitcoin for $11.6M, Boosting Total Holdings

Hong Kong-listed gaming company Boyaa Interactive International Limited (HKG: 0434) has continued to build its cryptocurrency position, acquiring approximately 152 bitcoins in a series of open market transactions over the past week. The total cost for the purchase was approximately HK$90.63 million, equivalent to about $11.56 million, according to a company announcement.

Purchase Details

The company disclosed that the recent acquisitions were made at an average cost of approximately $75,899 per bitcoin. Boyaa Interactive confirmed that the purchase was financed using idle cash reserves generated from its core business operations. The transactions were executed based on prevailing bid and ask prices on the open market.

Updated Corporate Treasury

Following this latest investment, Boyaa Interactive's total cryptocurrency portfolio has grown significantly. The key figures for its updated holdings are:

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• Total Bitcoins Held: Approximately 4,468 BTC
• Average Cost Basis: Approximately $68,543 per bitcoin for the entire holding

This move deepens the company's exposure to digital assets as part of its ongoing corporate treasury management strategy.

Market Context

The purchase by Boyaa Interactive reflects a continuing trend of publicly traded companies allocating a portion of their cash reserves to Bitcoin and other digital assets. For investors, this strategy positions the company to potentially benefit from the appreciation of cryptocurrency, while also adding the associated volatility of the asset class to its balance sheet. The company's growing stake makes it one of the notable publicly-listed firms holding Bitcoin as a treasury reserve asset.