Hong Kong company Boya Interactive will allocate funds to acquire Bitcoin

Hong Kong listed company Boya Interactive announced that it plans to issue up to 63,510,000 shares under general authorization, with a allocation price of HK$6.95 per share. About 90% of the proceeds from the allotment will be used to purchase Bitcoin to promote the company's Web3 business. The remaining 10% will be used for operating expenses and general corporate purposes. The company's board of directors believes that cryptocurrencies, especially Bitcoin, are crucial strategic resources for the Web3 industry. They firmly believe that early investment and reserve expansion will significantly enhance the company's future competitive advantage.