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. Continue Reading: Hong Kong Giant Company Disposed of This Altcoin and Purchased Bitcoin (BTC) Instead!
