Boyaa Interactive to Expand Crypto Treasury

Boyaa Interactive International, a Hong Kong-based Web3 gaming firm, is seeking shareholder approval to expand its crypto treasury with up to $70 million in purchases over the next year. The company plans to use its idle cash reserves to increase its existing positions and support research and development of its Web3 gaming business.

Investment Strategy

Boyaa will invest in crypto tokens with good market liquidity, large market value, and relatively long-term holding value. The $70 million investment will add to Boyaa’s nearly $285 million treasury, which includes:

• 4,091 Bitcoin (BTC) worth $280 million
• 302 Ether (ETH) worth $621,200

Market Context

The crypto industry is experiencing a 45% market drawdown since October, with growing doubt over the sustainability of crypto treasury strategies. Few crypto treasury companies have been buying crypto on a weekly basis, while multiple Bitcoin miners have offloaded portions of their holdings.

Corporate Bitcoin Treasury

Boyaa is the 23rd-largest corporate Bitcoin treasury and the third-largest in the Asia-Pacific region, according to BitcoinTreasuries.NET. The company made $80.5 million worth of Bitcoin purchases between August and November.