Boya Interactive: 90% of the proceeds from the HK$440 million share allotment plan will be used to purchase Bitcoin

According to Foresight News, Hong Kong listed company Boya Interactive issued an announcement that it had previously planned to allocate up to 63,510,000 shares under the general authorization, with a allocation price of HK$695 per share. In this HK$440 million share allotment plan, approximately 90% of the proceeds from the allocation will be used to purchase Bitcoin and promote the development of Web3 business, and the remaining approximately 10% will be used for operating funds and general corporate purposes. The board of directors believes that cryptocurrencies, especially Bitcoin, are an important strategic resource for the Web3 industry, and the advance layout and expansion of reserves will have an important impact on the company's future competitive advantages.
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