Gaming company Boyaa Interactive has exchanged its Ethereum tokens for almost $50 million in Bitcoin, as the cryptocurrency approaches a $100,000 milestone. The Hong Kong-based firm converted 14,200 ETH into approximately 515 Bitcoin between November 19-28, amassing a total of 3,183 BTC valued at $310 million. Boyaa's move aligns with its strategy to invest in digital assets, following a previous commitment to allocate up to $100 million in cryptocurrencies. Similarly, Japanese investment firm Metaplanet has also bolstered its Bitcoin reserves, acquiring around $53 million worth of the cryptocurrency. MicroStrategy, known for its Bitcoin treasury reserve model, recently purchased an additional 55,500 BTC worth $5.4 billion, increasing its total holdings to 386,700 Bitcoin valued at over $37 billion. The trend of companies accumulating Bitcoin continues to grow, with Marathon Digital Holdings among the latest to join the trend. Read more AI-generated news on: https://app.chaingpt.org/news

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