Hong Kong-listed Boyaa to pursue up to $70M crypto investment

Hong Kong-listed game developer Boyaa Interactive is seeking shareholder approval for a plan to invest up to $70 million in cryptocurrency, Cointelegraph reported. The company stated it plans to use idle assets to increase its existing holdings during market downturns and to fund research and development for its Web3 gaming business. Boyaa intends to limit its investments to cryptocurrencies with high market liquidity, large market capitalization, and long-term holding value. The company currently holds 4,091 BTC ($2.8 billion) and 302 ETH ($620,000).