BOYAA cancels broad crypto purchase plan, opts for targeted US$0.75 million Bitcoin deal to bolster Web3 strategy

Bulletin Express
04/16

Boyaa Interactive International Limited (BOYAA) has withdrawn its previously proposed shareholder mandate for large-scale cryptocurrency purchases and instead committed to a focused acquisition of 10 Bitcoins for US$0.75 million.

Key transaction terms • Seller and structure: YAAKO Technology Limited, BOYAA’s wholly owned Hong Kong subsidiary, signed the Bitcoin Acquisition Agreement on 16 April 2026 with Liquidity Technology Limited (LTP), an independent BVI-incorporated digital-asset prime broker. • Price: Total consideration is US$749,000, reflecting prevailing market prices. A non-refundable 0.5 % service fee (US$3,745) was paid on signing. • Deposit and settlement: An initial 15 % deposit (US$112,350) has been placed. The balance is due by 29 June 2026, with the deposit to be maintained at ≥10 % of the contemporaneous market value of the 10 Bitcoins until completion. • Funding source: Idle cash reserves from operating activities; management states no impact on BOYAA’s financial or operating condition.

Strategic rationale BOYAA is accelerating its transition into a Web3-centric gaming ecosystem. Existing Bitcoin reserves have been allocated to projects such as the MTT Sports platform, MTT Network and forthcoming title Pet Land. A new in-house blockchain, Boyaa Network, is scheduled for mid-2026 launch and is expected to require 500–1,000 Bitcoins for network staking. Management deems additional cryptocurrency holdings essential to support these initiatives and safeguard network security.

Regulatory classification When aggregated with BOYAA’s 2025 Bitcoin purchases of US$80.51 million, the latest US$0.75 million transaction exceeds the 25 % asset ratio threshold under Hong Kong Listing Rule 14.22, constituting a “major transaction.” Completion is conditional on: 1. Approval by BOYAA shareholders at the forthcoming AGM; and 2. Receipt of any necessary regulatory consents or waivers.

If the conditions are unmet by 29 June 2026, the agreement terminates and the deposit is refundable.

Next steps A circular detailing the acquisition and convening the AGM is slated for dispatch by 30 April 2026. BOYAA cautions investors about cryptocurrency price volatility, noting that movements in Bitcoin’s fair value could materially affect its financial performance.

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