Hong Kong publicly traded company Boyaa sold 14,200 ETH

The main reason for selling its Ether portfolio was the company's desire to reallocate funds into Bitcoin.

The decision to transfer assets into Bitcoin was made after a thorough analysis of the cryptocurrency market and an assessment of Bitcoin's potential as a long-term investment tool. The company expects that this move will improve liquidity and diversify investment risks.

By selling its ETH, the company was able to purchase 515 BTC for a total value of $49 million.

The company also plans to invest in research and development in the areas of blockchain and cryptocurrencies, as well as in improving its technological infrastructure.

In recent years, Bitcoin has become one of the most popular assets for investment, and many companies are considering the possibility of transferring their funds into this cryptocurrency.