Hong Kong gaming firm swaps $49M Ether in treasury for Bitcoin

With the latest acquisition, Boyaa Interactive has 3,183 Bitcoin in its stash, up from 2,635 at the end of September.

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Boyaa Interactive International, a Hong Kong holding company specializing in online card and board games, has decided to shift around its treasury assets by swapping out Ether for Bitcoin. 

In a Nov. 29 statement, the gaming company said it converted 14,200 Ether (ETH), worth over $49 million, to approximately 515 Bitcoin (BTC) between Nov. 19 and Nov. 28.

With the latest acquisition, Boyaa Interactive International now has 3,183 Bitcoin in its stash, worth $310.7 million at current prices, according to CoinGecko.

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