Chinese gaming firm Boyaa to invest up to $100M in crypto as part of Web3 push
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Boyaa Interactive, a Chinese gaming firm, unveils plan to buy up to $100M in crypto within a year, mostly BTC and ETH.
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Goal is to boost its Web3 strategy as gaming has "high compatibility" with Web3 tech.
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Plans to allocate $45M to BTC, $45M to ETH, $10M to stablecoins USDT and USDC.
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Purchase to make up 38% of Boyaa's total assets.
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Shows Hong Kong's rising ambition as a crypto and Web3 hub after rolling out new regulatory regime.