Hong Kong gaming firm swaps $49M Ether in treasury for Bitcoin
With the latest acquisition, Boyaa Interactive has 3,183 Bitcoin in its stash, up from 2,635 at the end of September.
Boyaa Interactive International, a Hong Kong-based holding company specializing in online card and board games, adjusted its treasury assets by replacing Ether with Bitcoin.
In a Nov. 29 statement, the gaming company said it had converted 14,200 Ether (ETH), worth over $49 million, into about 515 Bitcoin (BTC) between Nov. 19 and Nov. 28.
Boyaa Interactive International now has 3,183 Bitcoin in its stash, worth $310.7 million at current prices, according to CoinGecko.
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Author: Stephen Katte
