According to the shareholder meeting voting results released by Hong Kong game development company “Boya Interactive”, the proposed $100 million cryptocurrency investment plan has officially gained shareholder approval, with 91% of the votes in favor of the proposal.
According to Zombit’s previous report, “Boya Interactive” proposed a cryptocurrency investment plan and held a shareholder meeting for voting. According to the proposed plan, the company will invest $45 million in Bitcoin and Ethereum within one year after the proposal is passed. Additionally, it will allocate $10 million to purchase stablecoins USDT and USDC. The platforms to be used include but are not limited to the Hong Kong exchange HashKey Exchange. The company stated that the cost of purchasing cryptocurrencies will be provided by the idle cash reserves generated by the group’s Hong Kong and overseas business operations.
It is worth mentioning that this is not the first time “Boya Interactive” has sought board authorization to purchase cryptocurrencies. As early as August of this year, the company had allocated a budget of $5 million for the purchase of cryptocurrencies (BTC, ETH) with the approval of the board. However, the scale of funds this time is much larger compared to back then.
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