TL;DR
- Boyaa is seeking shareholder approval for a 12-month mandate allowing up to $70 million in crypto purchases, with Bitcoin expected to dominate the allocation.
- The company would buy through platforms including HashKey Exchange and OSL Exchange, though market conditions may require paying premiums of up to 10%.
- Boyaa already holds 4,092 BTC, 302 ETH and about 7,000,700 USDT, while earlier $80.51 million Bitcoin buys pushed the proposal into major-transaction territory.
Boyaa Interactive is preparing a larger crypto treasury, signaling that its Web3 ambitions are no longer experimental. The company wants shareholder backing to turn idle operating cash into a digital-asset reserve. In a filing submitted to Hong Kong Exchanges and Clearing on March 22, the Hong Kong-listed game company asked investors to approve a 12-month mandate authorizing up to $70 million in cryptocurrency purchases. Boyaa said the plan is intended to support its Web3 business, fund research and development, and help finance game projects as digital assets move toward the center of its expansion strategy.
Why the New Treasury Plan Matters
The proposal is notable not only for its size, but for the precision of its focus. Boyaa is not seeking a broad speculative mandate, but a treasury program centered mainly on Bitcoin. The company said future purchases would target cryptocurrencies aligned with its business direction, offering strong liquidity and long-term holding value, with Bitcoin expected to make up most of the acquisitions. It added that transactions would be executed through regulated and licensed platforms, including HashKey Exchange and OSL Exchange, although market conditions could require paying as much as a 10% premium over prevailing prices.
This is not Boyaa’s first major move into crypto, which is exactly why the latest proposal carries extra procedural weight. Its previous buying spree has pushed the new plan into major-transaction territory under Hong Kong listing rules. Between August 2025 and November 2025, the company bought about $80.51 million worth of Bitcoin. Because those acquisitions fall within the prior 12 months, the earlier purchases and the new proposal must be aggregated. That grouping means the expanded treasury mandate qualifies as a major transaction and cannot proceed without formal shareholder approval from the broader market today.
The company’s latest balance-sheet snapshot shows why the issue now carries more than symbolic significance. Digital assets have already become a meaningful financial pillar inside Boyaa’s operating model. As of the announcement date, Boyaa held 4,092 Bitcoin at an average cost of about $68,211 each, 302 Ether at an average cost near $1,661, and around 7,000,700 USDT. In its annual results earlier this month, the company said crypto assets are an important part of its Web3 strategy. Most are stored on licensed platforms and in company wallets, while some Ethereum holdings also generate staking-related returns.
