Boyaa Interactive: Plans to place over HK$441 million in shares, with approximately 90% of the proceeds to be used for purchasing BTC

ChainCatcher news, Boyaa Interactive (00434.HK) has issued an announcement stating that, under the general mandate, it will place up to 63.51 million shares at a placement price of HK$6.95 per share.

Boyaa Interactive plans to use approximately 90% of the proceeds from this placement to purchase bitcoin, in order to promote the Group's business development in the Web3 sector. The Group will also continue to seek opportunities to invest in suitable third-party Web3 games and related projects, as well as independently develop its own Web3 games and infrastructure, further consolidating its market position in the online gaming sector. The remaining approximately 10% of the proceeds from this placement will be used as the Group's operating capital and for general corporate purposes.