China’s Boyaa Interactive will spend $90 million to buy Bitcoin and Ethereum

Boyaa Interactive, China’s largest board game company, will spend $100 million to buy cryptocurrencies such as Bitcoin (#BTC/USDT ) and Ethereum (#ETH. ). In fact, according to the latest news released, the Hong Kong-listed company will acquire these digital assets within the next 12 months.

The online card game developer joins a list of publicly traded companies looking to get into digital assets. Subsequently, the board developed an initiative to acquire digital assets. Additionally, the plan is currently awaiting shareholder approval.

Due to its general nature, the plan is currently awaiting shareholder approval. In fact, the board is ensuring that $100 million in funding is readily available. They will then be able to reduce "prior shareholder approval of each purchase."

Once approved, there will be significant funding for the acquisition of #BTC期货 and #ETH。 Specifically, $45 million will be allocated to the two largest cryptocurrencies by market capitalization. Boyaa will then use the $10 million to purchase stablecoins such as Tether and USD.