Hong Kong's Boyaa Interactive Overtakes Metaplanet as Asia's Largest Corporate Bitcoin Holder with $49.5M Investment

Nov 29, 2024, 02:09 PM

Boyaa Interactive, a Hong Kong-listed company often referred to as the 'MicroStrategy of Hong Kong,' has significantly increased its Bitcoin holdings by converting 14,200 Ethereum (ETH) into 515 Bitcoin (BTC). This transaction, valued at approximately $49.5 million, has elevated Boyaa Interactive to the status of Asia's largest corporate Bitcoin holder, surpassing Japan's Metaplanet. The company now holds a total of 3,183 Bitcoin, with an average cost of $57,724 per Bitcoin.