Key Takeaways
- Boyaa Interactive converts 14,200 ETH into 515 BTC, becoming Asia’s largest corporate Bitcoin holder.
- The shift reflects growing institutional confidence in Bitcoin as a strategic asset over other cryptocurrencies.
- Bitcoin’s market surge and global adoption momentum solidify its appeal for treasury and reserve management strategies.
Boyaa Interactive pivots from Ethereum to Bitcoin
Boyaa Interactive, listed on the Hong Kong Stock Exchange, has converted 14,200 ETH into approximately 515 BTC.
The Ethereum holdings were acquired at an average price of $2,777 per ETH, totaling $39.45M.
The company’s Bitcoin holdings now stand at 3,183 BTC, acquired at an average cost of $57,724 per BTC.
This strategic move makes Boyaa Asia’s largest corporate Bitcoin holder, surpassing Japan’s Metaplanet.
Growing institutional confidence in Bitcoin
Boyaa’s decision aligns with its previously stated goal to invest up to $100M in cryptocurrencies.
The company’s shift reflects a broader institutional trend favoring Bitcoin over alternative cryptocurrencies.
Firms such as Thumzup Media, Solidion Technology, Genius Group, and Rumble have also recently adopted Bitcoin in their treasury strategies.
Bitcoin gains prominence in global reserve strategies
The move by Boyaa coincides with calls in the United States to establish a national Bitcoin reserve.
Senator Cynthia Lummis has proposed selling portions of US gold reserves to acquire Bitcoin for financial stability.
Nations like Brazil and Poland are exploring Bitcoin’s role in reserve management amid its soaring market value.
