According to a previous report by Zombit, Hong Kong game development company “Boya Interactive” had previously obtained approval from shareholders to allocate 100 million US dollars to purchase cryptocurrencies such as Bitcoin and Ethereum. According to an official announcement, the group has purchased a total of 1,110 Bitcoins at an average price of approximately 41,790 US dollars (with a floating profit of 62%), and a total of 14,855 Ethereums at an average price of approximately 2,777 US dollars (with a floating profit of 42.8%). Additionally, they also hold approximately 8 million USDT with a cumulative floating profit of approximately 30 million US dollars.
According to the company’s latest announcement, in order to further promote the group’s business development and layout in the Web3 field, the company’s board of directors has sought shareholder approval at the general meeting to grant further authorization for the potential purchase of cryptocurrencies. The authorization allows the board of directors to continue purchasing cryptocurrencies with a total amount not exceeding 100 million US dollars, in order to enable the group to complete the reserve of digital assets at a more favorable time. The authorization period is 12 months from the date of the general meeting’s formal resolution on the potential purchase of cryptocurrencies.
This authorization will further increase Boya Interactive’s upper limit for cryptocurrency purchases to 200 million US dollars, accounting for approximately 73.45% of the group’s total assets at the end of last year and approximately 79.34% of its current assets. The group also emphasized that even with the authorized total amount for cryptocurrency purchases, they still have approximately 369 million RMB in liquid assets, and the annual operating revenue from traditional businesses is sufficient to support daily operating expenses and generate profits.
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