Recently, the price of Bitcoin has surged, reaching an all-time high, with an increase of nearly 40% in the past month. Market analysts believe that some investors attribute this round of price increase to the rising expectations of Trump returning to the White House. Driven by the strong price momentum of Bitcoin, the Hong Kong-listed company BoYa Interactive, which holds Bitcoin, has attracted significant attention.
On November 12, the company announced that BoYa Interactive holds 2,641 Bitcoins and 15,400 Ethereum. The total cost of its Bitcoin holdings is approximately $143 million, while the total cost of its Ethereum holdings is about $42.58 million. Based on the current cryptocurrency market prices, the company's unrealized gains from its holdings have reached approximately $100 million.
As a network chess and card game company, BoYa Interactive has made large-scale forays into the cryptocurrency investment field since 2023, positioning it as a key strategy for its Web3 business layout. In the first half of this year, digital assets accounted for as much as 75% of the company's total assets, with liquid assets exceeding 90%. During this period, the fair value gain from digital assets was approximately RMB 245.7 million, accounting for 85% of the company's adjusted net profit, becoming an important source of profit. In the first half of the year, BoYa Interactive accelerated the purchase of 885 Bitcoins, and as the price of Bitcoin continued to rise, its pace of increasing holdings has slowed down.
In terms of dividend strategy, BoYa Interactive announced in March this year that it will allocate no less than 20% of its operating profit and at least 5% of its annual increase in cryptocurrency asset value for shareholder dividends over the next five years. Since BoYa Interactive went public on the Hong Kong Stock Exchange in 2013, it caused a stir due to its IPO freezing over HKD 86.8 billion, but its stock price performance had previously been unsatisfactory. Since the beginning of 2023, benefiting from the gradual improvement in the company's performance and the advancement of its cryptocurrency investment layout, its stock trading volume has significantly increased. The cryptocurrency market is ever-changing, with Bitcoin price fluctuations full of uncertainty. How BoYa Interactive will continue to layout in the cryptocurrency investment field and whether it can find new profit growth points between its gaming business and emerging businesses is worth continuous attention and in-depth discussion from investors.
