- Boyaa Interactive International Limited, a prominent e-gaming player based in Hong Kong, plans to allocate a $5 million budget for purchasing #cryptocurrencies
- The company's board of directors approved the budget for buying mainly #bitcoin (BTC) and Ether (ETH) on regulated #trading platforms.
- The purchases will be financed using #cash reserves from the group's activities in Hong Kong and internationally, considering market conditions.
- The move aligns with Boyaa's future business strategy in the Web3 space.
- Despite the allocation, the company cautions investors about cryptocurrency #market volatility and advises careful handling of shares.
- Boyaa Interactive is known for chess and card game development and operation in Hong Kong.
- Hong Kong's favorable policies for the digital asset sector are fostering an increased interest in Web3 ventures in the city-state. Over 150 firms are operating in Cyberport, a government-launched digital hub promoting innovation.
