Boyaa Interactive Swaps $49M Ether for Bitcoin đ
Hong Kong-based gaming company Boyaa Interactive has converted 14,200 ETH, worth over $49 million, into approximately 515 BTC. This move increases its Bitcoin reserves to 3,183 BTC, valued at $310.7 million.
The decision aligns with the companyâs strategy to prioritize Bitcoin due to its optimistic future prospects. Boyaa began its crypto treasury initiative in late 2023, allocating $100 million across Bitcoin, Ether, and stablecoins. This shift comes amid a broader trend of companies enhancing their Bitcoin holdings, with Bitcoinâs price rising 6% and Boyaaâs stock surging over 874% in the past year.
But why did Boyaa choose Bitcoin over Ethereum? đ
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