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 <p class="is-style-lead">The Asian gaming giant pitched a 12-month plan to shareholders focused on accumulating Bitcoin, Ethereum, and other <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies amid growing bullish sentiment in digital asset markets.</p>
 <p>Hong Kong e-gaming company Boyaa is lining up a move that would translate into tens of millions of dollars injected into <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies. The company’s board presented a plan to shareholders, seeking permission to designate $100 million for buying Bitcoin (BTC), Ether (ETH), and other digital assets.</p>
 <p>If approved by Boyaa shareholders, the firm would begin crypto purchases with the view of acquiring tokens over a year. According to a Google-translated copy of a Hong Kong stock exchange announcement, Boyaa could allocate as much as $45 million to BTC alone.</p>
 <p>Boyaa’s board previously backed a $5 million plan to build crypto positions on locally regulated platforms and exchanges.&nbsp;</p>
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    <p lang="en" dir="ltr">JUST IN: Hong Kong based gaming company Boyaa to buy $45 million worth of #Bitcoin as a treasury asset. pic.twitter.com/QagOc3ZT8B</p>— Bitcoin Magazine (@BitcoinMagazine) November 14, 2023
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 <p>It remains to be seen if the company plans to tap other digital asset avenues such as OTC swaps, venture capital investments, and <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> ETFs which are increasingly gaining traction thanks to interest from Wall Street players like BlackRock.</p>
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 <p>Boyaa’s <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> bid to shareholders underscores an appetite for <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies within Hong Kong both from private entities and the government.</p>
 <p>Hong Kong declared its intentions to become a <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> hub and the city-state unveiled a <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> licensing regime to that effect. HashKey and OSL Securities were announced as the first <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> exchanges to receive the green light from Hong Kong authorities.&nbsp;</p>
 <p>The Chinese Special Administrative Region also approved BTC and ETH for retail traders while allowing professional traders to invest in select tokens like Chainlink (LINK) and Uniswap (UNI).</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Hong Kong’s HashKey exchange to list Uniswap token
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/hong-kong-firm-boyaa-plots-100m-crypto-scoop-tbt70284.html">https://thebittimes.com/hong-kong-firm-boyaa-plots-100m-crypto-scoop-tbt70284.html</a></p>

Hong Kong firm Boyaa plots $100m crypto scoop

TheBitTimes

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