Understanding the Market | BOYAA rose over 8% again in the afternoon, with net profit in the first three quarters increasing nearly 1.5 times. The company stated it is considering continuing to expand its Bitcoin reserves

BOYAA Interactive rose over 8% again in the afternoon, and as of the time of writing, it was up 8.14%, trading at HKD 4.78, with a transaction volume of HKD 106 million. In terms of news, BOYAA Interactive announced its performance for the first three quarters ending September this year last week, with a revenue of RMB 318 million, an increase of 8.1% year-on-year; and a net profit of RMB 212 million, an increase of 149.4% year-on-year. The increase in revenue was mainly due to the appreciation of cryptocurrencies held by the group and an increase in revenue from online games. Notably, the company recently disclosed its cryptocurrency holdings, stating that it currently holds approximately 2,688 bitcoins, with an average cost of about USD 54,385 per bitcoin; and approximately 14,447 ethers, with an average cost of about USD 2,755 per ether. The company stated that continuously expanding its bitcoin reserves is an important strategy for the group, and it holds an optimistic view on the cryptocurrency market and the development of bitcoin, believing that bitcoin has long-term value. The group plans to hold its bitcoin reserves for the long term and will continue to expand its bitcoin holdings, further exploring the possibility of increasing the number of bitcoins held, and does not rule out financing in the secondary market through methods such as share placements to expand its reserves