Poly Auction: Plans to privately place shares worth over 441 million Hong Kong dollars, with approximately 90% of the proceeds to be used to purchase BTC

BlockBeats News, September 9th, Boyaa Interactive (00434.HK) announced that, under a general mandate, it will offer for sale up to 63.51 million shares at a sale price of HK$6.95 per share.

Boyaa Interactive intends to use approximately 90% of the proceeds from this offering to purchase Bitcoin to drive the development of its Web3 business and will continue to seek opportunities to invest in suitable third-party Web3 games and related projects, as well as develop its own Web3 games and infrastructure to further solidify its market position in the online gaming sector. The remaining approximately 10% of the proceeds from this offering will be used for the group's working capital and general corporate purposes.