Boya Interactive: It has invested in multiple Web3 game projects such as MTT Sports, and plans to allocate more than HK$441 million in shares, with 90% of the proceeds being used to purchase BTC

According to ChainCatcher, Boya Interactive (00434.HK) issued an announcement stating that up to 63.51 million shares will be allocated under the general authorization at a placement price of HK$6.95 per share. The group has currently deployed multiple Web3 projects, including investing in the MTT Sports game platform (holding 25% of the shares), developing the MTT Network game public chain, YAAKO Wallet game wallet and Pet Land pet kingdom. 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.