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

Source: ChainCatcher
According to ChainCatcher, according to the announcement of the Hong Kong listed company Boya Interactive International Co., Ltd., in the previous HK$440 million share allotment plan, about 90% of the allotment proceeds will be used to purchase Bitcoin to promote the development of Web3 business, and the remaining about 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. Previously, on August 21, Boya Interactive plans to raise up to 440 million yuan with a discount of 8.19% share allotment.
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