Between November 19 and November 28, Boyaa Interactive converted approximately 14,200 ETH into 515 BTC. The transaction value was approximately $49.48 million excluding transaction fees.
After completion of the conversion procedures, the company’s Bitcoin reserves increased to 3,183 BTC, the average acquisition cost of which was $57,700. Thus, Boyaa Interactive took first place in the list of the largest corporate holders of the flagship crypto asset in Asia.
Boyaa Interactive’s reserves are three times larger than those of Japanese investment firm Metaplanet, the previous largest corporate holder of Bitcoin in Asia, which amount to 1,142 BTC.
According to browser BitcoinTreasuries, as a result of its latest acquisitions, Boyaa Interactive has become the 11th largest corporate Bitcoin holder in the world, where Metaplanet is ranked 15th.
Earlier, the CEO of the investment company HashKey Group, Xiao Feng, said that China will be forced to lift the ban on the circulation of cryptocurrencies due to the digital asset-friendly policies of the administration of US President Donald Trump.
Source: Bits
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