Boyaa dey try expand crypto treasury reach $70M, dem dey focus on BTC

Hong Kong-listed Web3 gaming company Boyaa Interactive don apply make dem get shareholders approval to expand im crypto treasury reach as much as $70 million. Di plan na bi di for 12-month mandate wey go allow board make dem buy cryptocurrencies wit idle operating cash, mainly for research, development and new game projects. For dia HKEX filing on March 22, Boyaa talk say dem go focus on assets wey get strong liquidity and long-term holding value, and dem expect mainly hold Bitcoin (BTC). Trades go run through regulated platforms like HashKey Exchange and OSL Exchange. Di company also yarn say dem get execution flexibility—if market condition require am, dem fit pay up to 10% premium pass market prices. This proposal come after Boyaa don already buy BTC before, including about $80.51 million worth of Bitcoin wey dem buy between Aug 2025 and Nov 2025 (inside the earlier 12-month window). Under Hong Kong listing rules, dem must bundle the prior and new transactions, so the new crypto treasury expansion become major transaction wey need approval. As of the announcement, Boyaa report say dem hold 4,092 BTC (avg cost ~$68,211), 302 ETH (avg cost ~$1,661), and about 7,000,700 USDT. Di company mention say most assets dey kept on licensed platforms and for dia own wallets, and some positions dey generate returns, including ETH staking-related rewards. For crypto traders, the key takeaway na incremental corporate-style BTC demand through formal crypto treasury expansion process wey fit support dip-buying sentiment during volatility.
Neutral
Di deal dey show say dem dey gradually dey build BTC like institution dem through a formal crypto treasury expansion process, but di headline size ($70M) no likely to move di market on its own. For BTC and ETH, di long-term story (steady corporate bids when market weak) fit support sentiment, yet di near-term effect depend on how quick approvals turn into actual purchases and whether wider market conditions remain risk-off. Overall, dis na more like a sentiment/flow factor than a direct, immediate price driver.