Boyaa seeks up to $70M crypto treasury expansion, BTC focus

Hong Kong-listed Web3 gaming firm Boyaa Interactive has filed to seek shareholder approval for a crypto treasury expansion of up to $70 million. The plan targets a 12-month mandate that allows its board to buy cryptocurrencies using idle operating cash reserves, mainly for research, development, and new game projects. In its March 22 HKEX filing, Boyaa said purchases will focus on assets with strong liquidity and long-term holding value, with expected holdings mainly in Bitcoin (BTC). Trades would be executed via regulated platforms, including HashKey Exchange and OSL Exchange. The company also disclosed execution flexibility—if market conditions require it, it may pay up to a 10% premium versus market prices. This proposal follows Boyaa’s prior BTC buying activity, including about $80.51 million of Bitcoin acquired between Aug 2025 and Nov 2025 (within the earlier 12-month window). Under Hong Kong listing rules, the prior and new transactions must be bundled, making the new crypto treasury expansion a major transaction requiring approval. As of the announcement, Boyaa reported holdings of 4,092 BTC (avg cost ~$68,211), 302 ETH (avg cost ~$1,661), and about 7,000,700 USDT. The company noted most assets are held on licensed platforms and in its own wallets, and some positions generate returns, including ETH staking-related rewards. For crypto traders, the key takeaway is incremental corporate-style BTC demand through a formal crypto treasury expansion process that may support dip-buying sentiment during volatility.