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BitcoinSistemi 2024-11-29 09:39:07

Hong Kong Giant Company Disposed of This Altcoin and Purchased Bitcoin (BTC) Instead!

Hong Kong Giant Company Disposed of This Altcoin and Purchased Bitcoin (BTC) Instead!

Spot says interest in cryptocurrencies continues to grow in Hong Kong, which is rapidly becoming a cryptocurrency center by accepting Bitcoin and Ethereum ETFs. At this point, while institutional interest continues to grow, a giant company listed in Hong Kong called Boyaa Interactive is increasing its Bitcoin investments. According to local news agency 10jqka, Boyaa Interactive, a game developer listed on Hong Kong's stock exchange, has swapped its Ethereum holdings for Bitcoin. Accordingly, the company swapped 14,200 Ethereum (ETH) for 515 Bitcoin (BTC) (worth approximately $49.48 million) between November 19-28. According to the data, the exchanged Ethereums were initially purchased at a cost of $39.45 million. Boyaa Interactive, which increased its BTC assets with the ETH swap, increased its total Bitcoin assets to 3,183 BTC. The company's average purchase price per Bitcoin is $57,700, while the company also announced plans to purchase $100 million worth of cryptocurrencies within 12 months, starting November 2024. *This is not investment advice. Continue Reading: Hong Kong Giant Company Disposed of This Altcoin and Purchased Bitcoin (BTC) Instead!

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