Hong Kong’s Boyaa Interactive eyes $70M crypto treasury expansion
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Hong Kong-based Boyaa Interactive International is seeking shareholder approval to expand its crypto treasury by up to $70 million over the next year. The company plans to utilize idle cash reserves to invest in crypto tokens with good market liquidity and long-term value. Currently holding nearly $3 billion in crypto assets, Boyaa is the 23rd-largest corporate Bitcoin treasury globally. The expansion comes amid a challenging crypto market, with many companies reducing their holdings.
Source: Cointelegraph The copyright of this article belongs to the original author/organization.
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