Hong Kong-listed company Boyaa Interactive is seeking shareholder authorization to purchase up to $100 million worth of cryptocurrency within a year.

According to a recent announcement by the Hong Kong Stock Exchange, the board of directors of Boyaa Interactive, a Hong Kong-listed company, has stated that purchasing and holding cryptocurrencies is an important move for the group's business layout and asset allocation strategy in the Web3 field. After careful consideration, the board recommends seeking shareholder approval to grant purchasing authorization, allowing the board to potentially purchase cryptocurrencies during the authorization period, which lasts for 12 months from the date of the special general meeting of shareholders approving the relevant authorization and potential cryptocurrency purchase resolution, with a total purchase amount not exceeding 100 million US dollars. Previously, on August 11th, Boyaa Interactive announced that the board of directors had approved a budget of 5 million US dollars for the group to purchase cryptocurrencies on regulated and licensed trading platforms, including Bitcoin (BTC) and Ethereum (ETH), over the next year from the date of the announcement, with the funds coming from the group's cash reserves generated from operations in Hong Kong and overseas.