Boyaa Interactive, one of Hong Kong’s leading gaming-focused companies, has taken an important step towards expanding its investment portfolio. The company recently cryptocurrency announced that it plans to invest $100 million in its units.
The investment proposal, which will also be presented to shareholders, will focus primarily on assets such as Bitcoin and Ethereum. Boyaa plans to allocate $45 million to each of these leading cryptocurrencies, for a total of $90 million. It also plans to invest $10 million in stablecoins, specifically Tether (USDT) and USD Coin.
The company’s situation stood out by recording a striking 119% increase in net profit in the first quarter of 2023 compared to the previous year. This financial strength provides Boyaa with a solid foundation to enter the crypto market, offering another avenue for revenue maximization.