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<div class="cryptonews">
 <p class="is-style-lead">Chinese public game developer Linekong Interactive plans to purchase $6 million in Bitcoin and Ethereum.</p>
 <p>In a regulatory filing with the Stock Exchange of Hong Kong on Jan. 21, Linekong Interactive proposed a revision of its previously approved transaction to buy up to $5 million in Bitcoin (BTC) and Ethereum (ETH). Now, the Hong Kong-based game <a rel="noopener noreferrer nofollow" title="developer" href="https://thebittimes.com/tag/developer.html">developer</a> wants to increase that cap to $6 million, citing the rapid rise in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> prices.</p>
 <blockquote class="wp-block-quote">
  <p>“The company believes these revisions would provide flexibility to the board in capturing fleeting opportunities in the highly volatile <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency market.”</p>
  <p>Linekong Interactive</p>
 </blockquote>
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 <p>Once the company gets approval from its shareholders, it will need to re-comply with relevant provisions, including reporting, announcement, circular, and independent shareholders’ approval requirements, the filing reads. A circular, containing details of the proposal, is expected to be disclosed to shareholders on or before February 2, 2024.</p>
 <p>Linekong Interactive’s move follows a trend among Hong Kong-based public companies venturing into the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> space. In November 2023, <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>.news reported that Boyaa Interactive, an online game <a rel="noopener noreferrer nofollow" title="developer" href="https://thebittimes.com/tag/developer.html">developer</a>, also expressed its intent to invest up to $100 million in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>. Boyaa aims to allocate up to $90 million in Bitcoin (BTC) and Ethereum (ETH), with the remaining $10 million allocated to stablecoins Tether (USDT) and USD Coin (USDC).</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/hong-kong-s-game-developer-linekong-interactive-to-buy-up-to-6m-in-crypto-tbt77309.html">https://thebittimes.com/hong-kong-s-game-developer-linekong-interactive-to-buy-up-to-6m-in-crypto-tbt77309.html</a></p>

Hong Kong’s game developer Linekong Interactive to buy up to $6m in crypto

TheBitTimes

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