Boya Interactive: It plans to allocate more than HK$441 million shares, and approximately 90% of the proceeds will be used to purchase BTC

According to BlockBeats, on September 9, Boya Interactive (00434.HK) issued an announcement stating that it would place up to 63.51 million shares at a placement price of HK$6.95 per share under the general authorization. Boya Interactive intends to use approximately 90% of the proceeds from this placement to purchase Bitcoin to promote the business development of the Group's Web3 field, and will continue to seek opportunities to invest in suitable third-party Web3 games and related projects, and independently develop the Group's Web3 games and infrastructure to further consolidate the Group's market position in the online game field. About 10% of the remaining proceeds from the Placing will be used for the Group's working capital and general corporate purposes.