Hong Kong Giant Company Disposed of This Altcoin and Purchased Bitcoin (BTC) Instead!
A giant Hong Kong company exchanged its Ethereum holdings for Bitcoin.
Spot says interest in cryptocurrencies continues to grow in Hong Kong, which is rapidly becoming a cryptocurrency center by accepting Bitcoin and Ethereum ETFs.
At this point, while institutional interest continues to grow, a giant company listed in Hong Kong called Boyaa Interactive is increasing its Bitcoin investments.
According to local news agency 10jqka, Boyaa Interactive, a game developer listed on Hong Kong's stock exchange, has swapped its Ethereum holdings for Bitcoin.
Accordingly, the company swapped 14,200 Ethereum (ETH) for 515 Bitcoin (BTC) (worth approximately $49.48 million) between November 19-28.
According to the data, the exchanged Ethereums were initially purchased at a cost of $39.45 million.
Boyaa Interactive, which increased its BTC assets with the ETH swap, increased its total Bitcoin assets to 3,183 BTC.
The company's average purchase price per Bitcoin is $57,700, while the company also announced plans to purchase $100 million worth of cryptocurrencies within 12 months, starting November 2024.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
“Hyperliquid 50x Whale” opens 40x BTC short position, with a position value of $160 million
Code of Joker game will reappear on smartphones in a new version via Sui blockchain
Share link:In this post: The arcade Code of Joker existed from 2013 to 2019 The game will run on a platform Mysten acquired just days ago. Sui partnered with Jokers, Inc., which is obtaining more games to revive in Web3
RLUSD Can Be Frozen for Compliance, Ripple CTO Admits

BlackRock to File XRP ETF Only After SEC Lawsuit Resolution, Expert Says

Trending news
MoreCrypto prices
More








