Boyaa Interactive, China’s largest chess and card games developer, announced that it can deposit 100 million dollars in 3 different cryptocurrencies in the next 1 year.
Mobile game developer Boyaa Interactive announced in its official statement on November 14 that 12 months old in process 100 million dollars provided that it does not exceed Bitcoin (BTC) And Ethereum (ETH) He announced that he would invest in cryptocurrencies, including:
In its first statement in August, the company announced that it was open to cryptocurrency investment. $5 million budget had announced that it would separate the company, but it seems that Boyaa Interactive’s appetite for the market has whetted over time.
According to the statement, among the company’s first plans are both $45 million purchase from both Bitcoin and Ethereum There was a detail about what he would do. The company also $10 million worth Buying USDC Coin (USDC) stated that it could be done.
The company’s investments Web3 will be made within the scope of their plans and cryptocurrencies regulate has been from stock exchanges He emphasized that it would be taken.
The Board of Directors will be authorized to purchase up to a total of $100 million of cryptocurrencies in open market transactions. This authority will be valid for the next 12 months. The cryptocurrencies to be purchased will be those that are consistent with the needs of the company’s business development strategy and asset allocation strategy and approved by the Board of Directors. The cryptocurrencies that the Group plans to acquire under the Purchase Authorization will primarily be Bitcoin (BTC) and Ethereum (ETH). Currently proposed purchases of Bitcoin (BTC) and Ethereum (ETH) are expected to cost around $45 million each and $10 million for the purchase of USDC Coin (USDC).