Boyaa Interactive's Cryptocurrency Investments: Fueling Profit Surge, Stock Price Soars to New Heights with Seven-Day Surge of 90%

Boyaa Interactive, a Hong Kong-listed company, recently announced plans to continue purchasing cryptocurrency, seeking shareholder approval to authorize an additional $100 million investment. This move aims to bolster the group's business development and expand its presence in the Web3 sector.

Boyaa Interactive's Crypto Holdings Soar: Unrealized Profits Approach $46 Million

The company's previous authorization allowed it to purchase up to $100 million in cryptocurrency, resulting in the acquisition of 1,110 bitcoins, 14,855 ethers, and approximately 8 million Tether. With the recent surge in cryptocurrency prices, Boyaa Interactive has seen substantial unrealized profits, estimated at approximately $45.855 million.

Boyaa Interactive's Stock Surges 90% in Two Days Amid Crypto Profitability

The remarkable performance of cryptocurrencies has not only contributed to the company's profitability but has also driven a significant increase in Boyaa Interactive's stock price. On March 8th, the stock rose by 30.08% to $1.73 Hong Kong dollars per share, with a total market value of $1.228 billion Hong Kong dollars. This surge follows a 43.01% increase in the previous trading day, amounting to nearly 90% gain over the past two trading days. Since the start of the Year of the Dragon, Boyaa Interactive's stock price has surged by over 200%.