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Hong Kong-listed Boyaa Interactive has proposed expanding its cryptocurrency treasury strategy with a mandate that could allow the company to buy digital assets using idle cash reserves. The plan, worth up to $70 million, is seeking shareholder approval for a 12-month period and is intended to support its Web3 business, including research and development and new game projects.
Boyaa submitted the proposal to Hong Kong Exchanges and Clearing on March 22, 2026. Under the 12-month mandate, the company would be able to purchase cryptocurrencies using cash reserves from operations.
In the filing, Boyaa said the purchases would target cryptocurrencies aligned with its business direction, with an emphasis on strong liquidity and long-term holding value. It added that the assets acquired under the mandate are expected to be mainly Bitcoin.
The company also stated it would execute purchases through regulated and licensed trading platforms, including HashKey Exchange and OSL Exchange. Boyaa noted that market conditions could require it to pay a premium of up to 10% above prevailing market prices. The timing, type, amount, and purchase price of any transactions would remain subject to board decisions.
Boyaa’s latest plan follows a major Bitcoin buying period last year. The company disclosed it had purchased about $80.51 million worth of Bitcoin between August 2025 and November 2025.
Because those acquisitions fall within the previous 12 months, Hong Kong listing rules require the earlier transactions to be grouped with the proposed mandate. As a result, the new plan is classified as a major transaction and requires shareholder approval.
The filing also provided an update on Boyaa’s existing cryptocurrency portfolio as of the announcement date. The company reported holdings of:
Earlier this month, Boyaa said in its annual results that crypto assets are an important part of its Web3 strategy. The company stated that it stores most crypto assets on licensed platforms and in its own wallets, while some holdings can generate returns, including staking-related rewards from Ether.
Against that backdrop, Boyaa’s proposed up-to-$70 million expansion is positioned as another step in deepening its Web3-related treasury approach.
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