Boya Interactive’s Strategic Exchange: 14,200 ETH for 515 BTC Amidst Market Movements

In a significant move within the cryptocurrency market, Hong Kong-listed Boya Interactive has revealed that it successfully executed a series of transactions between November 19th and November 28th, 2024. During this period, the company converted approximately 14,200 ETH into about 515 BTC, a transaction valued at nearly $49.48 million. It’s noteworthy that the initial acquisition price of the exchanged ETH was around $39.45 million, indicating a strategic trading approach by the firm. Following these transactions, Boya Interactive’s total Bitcoin holdings have increased to approximately 3,183 BTC, averaging a holding cost of $57,724 per BTC. This maneuver reflects the company’s evolving strategy in the volatile cryptocurrency market, positioning it strongly amidst fluctuating digital asset valuations.