Boya Interactive: 90% of the proceeds from the HK$440 million share allotment plan will be used to purchase Bitcoin
Source: ForesightNews
Time: 2025-09-09 21:46:37
Hong Kong listed company Boya Interactive issued an announcement that it had previously planned to allocate up to 63,510,000 shares under general authorization, with a placing price of HK$6.95 per share. About 90% of the proceeds from the placement will be used to purchase Bitcoin, driving the development of the Web3 business, and about 10% of the remaining will be used for operating capital 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.