Boyaa Interactive International, a China-based board and online game developer, has exchanged $ETH Ethereum for Bitcoin.$BTC

Last year, Boyaa announced plans to invest $45 million each in BTC and ETH, and to purchase Tether (USDT) and USD Coin (USDC) stablecoins for $10 million. Then, at the request of shareholders, the company's employees announced that the company owns 2,641 Bitcoin worth $142.7 million, as well as 15,445 Ethereum worth $42.6 million.

Today, it became known that the organization converted 14,200 ETH into 515 BTC worth $49.6 million at the current exchange rate. Thus, the organization holds at least 3,156 Bitcoin and only 1,245 Ethereum.

Interestingly, other crypto whales have also been dumping ETH. Ethereum co-founder Jeffrey Wilcke sent 20,000 ETH worth $72.5 million to the Kraken crypto exchange on November 28. Wilcke likely transferred the coins to the trading platform for subsequent sale. It is clear that Wilcke and the Boyaa employees do not believe in the continuation of the bullish rally in the ETH market and are taking profits, expecting a decline in the asset price, which has increased by 36% over the past month. $SOL