Strategic Crypto Investments by Boyaa Interactive
Boyaa Interactive (HKEX:00434), a Hong Kong-listed gaming company with a market cap of approximately $230 million, has revealed its substantial cryptocurrency holdings:
- Bitcoin (BTC): 2,641 coins ($143M total cost, ~$54k avg. per coin)
- Ethereum (ETH): 15,400 coins ($42.6M total cost, ~$2,756 avg. per coin)
At recent price peaks (BTC near $90k, ETH over $3,440), these holdings generated over $100 million in unrealized gains.
Web3 Expansion Strategy
The company states: "Cryptocurrency acquisition forms a core part of our Web3 business development and overall asset allocation strategy." Their digital assets now represent:
- 75% of total assets
- Over 90% of current assets
Financial Impact and Dividend Policy
2024 Highlights:
- Q2 2024 purchased 885 additional BTC
- Digital asset fair value gains contributed 87% of H1 net profit ($24.57M)
Adopted progressive dividend policy:
- Minimum 20% annual profit distribution
- ≥5% crypto gain dividends
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Crypto Holdings Across Public Companies
| Company | Ticker | Holdings | Value (Est.) |
|---|---|---|---|
| Boyaa Interactive | HKEX:00434 | 2,641 BTC + 15,400 ETH | $226M |
| Inkeverse | HKEX:03700 | $100M crypto purchase budget | - |
| Canaan Inc. | NASDAQ:CAN | 1,133.5 BTC (as of Jun 2024) | $69.9M |
| Blue Hat Interactive | HKEX:08267 | 142.85 BTC + 848.38 ETH | $8.8M |
Regulatory Context in China
Important Note:
China's 2013 regulatory framework prohibits:
- Bitcoin as legal tender
- Financial institutions from crypto-related services
A-shares company Zhidu Holdings (SZ:000676) reports holding Bitcoin through overseas subsidiaries, classified as intangible assets.
FAQ: Corporate Crypto Investments
Q: Why are companies hoarding Bitcoin?
A: Many view it as both a strategic Web3 asset and inflation hedge, especially with institutional adoption growing.
Q: How does this affect stock valuation?
A: Crypto holdings can create significant asset-value volatility, as seen in Boyaa's 87% profit contribution from digital assets.
Q: What risks exist?
A: Price volatility, regulatory changes, and custody security are primary concerns for corporate holders.
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This analysis excludes promotional content and adheres to financial reporting standards. Always conduct independent research before investment.