According to reports from Chinese financial news media, Hong Kong game development company "Boya Interactive", which previously allocated US$100 million to purchase Bitcoin and Ethereum with the approval of the board of directors, issued an announcement stating that the company will purchase Bitcoin and Ethereum from November 19, 2024 to November 2024. During the 28th of March, a series of transactions were conducted, in which 14,200 ETH were exchanged for approximately 515 BTC. The total market value of ETH used to exchange for BTC during this period was approximately US$49.48 million (excluding transaction fees).
According to reports, the original purchase cost of the ETH used in this exchange for BTC was approximately US$39.45 million (the average price was US$2,777, and a total of 14,200 BTC was consumed for calculation. After the completion of this batch of exchanges, the group held a total of approximately 3,183 BTC. The average cost of holding a position is approximately US$57,724 per pill.
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