Hong Kong listed Boyaa Interactive has moved to expand its cryptocurrency treasury strategy with a new proposal worth up to $70 million. The company said it wants shareholder approval for a 12 month mandate that would allow its board to buy cryptocurrencies with idle cash reserves from operations. It said the move would support its Web3 business and help fund research, development, and new game projects.
The proposal came through a filing submitted to Hong Kong Exchanges and Clearing on March 22, 2026. In that filing, Boyaa said the planned purchases would focus on cryptocurrencies that match its business direction, offer strong liquidity, and carry long term holding value. It added that the assets acquired under the mandate are expected to be mainly Bitcoin.
The company also said it would carry out the purchases through regulated and licensed trading platforms, including HashKey Exchange and OSL Exchange. In addition, Boyaa noted that market conditions may require it to pay a premium of up to 10% above market prices. However, it said the exact timing, type, amount, and price of any purchase would remain subject to board decisions.
Earlier Bitcoin buys triggered major transaction rules
Boyaa’s latest plan follows a large Bitcoin buying spree last year. The company disclosed that it had already purchased about $80.51 million worth of Bitcoin between August 2025 and November 2025. Because those acquisitions fall within the previous 12 months, Hong Kong listing rules require the old and proposed transactions to be grouped together. As a result, the new plan qualifies as a major transaction and needs shareholder approval.
The filing also gave an update on Boyaa’s current crypto holdings. As of the announcement date, the company said it held 4,092 Bitcoin at an average cost of about $68,211 each, 302 Ether at an average cost of about $1,661 each, and around 7,000,700 USDT. These holdings show that digital assets now form a meaningful part of the company’s balance sheet.
Earlier this month, Boyaa said in its annual results that crypto assets are an important part of its Web3 strategy. The company said it stores most of those assets on licensed platforms and in its own wallets, while some holdings also generate returns, including staking related rewards from Ether. Therefore, the proposed $70 million expansion marks another clear step in Boyaa’s push deeper into Web3.
Source: https://coinpaper.com/15627/boyaa-interactive-plans-70-m-crypto-buy-bitcoin-focus
