Boyaa Interactive: 90% of the proceeds from the HK$440 million rights issue will be used to purchase Bitcoin

Boyaa Interactive, a Hong Kong-listed company, announced in an announcement that approximately 90% of the proceeds from its HK$440 million rights issue will be used to purchase Bitcoin to promote its Web3 business, with the remaining 10% earmarked for working capital and general corporate purposes. The board of directors believes that cryptocurrencies, particularly Bitcoin, are a key strategic resource for the Web3 industry, and that preemptive investment and expansion of reserves will significantly impact the company's future competitive advantage.