Understanding the Market | BOYAA rises over 5% as Bitcoin briefly breaks through $107,000, reaching a new high. The company holds approximately 3,183 Bitcoins

BOYAA rose over 5% again, with the stock price doubling in the past month and soaring more than 10 times this year. As of the time of writing, it rose 5.24%, trading at HKD 6.03, with a transaction volume of HKD 40.7977 million. On the news front, during U.S. stock trading on Monday, Bitcoin briefly surpassed USD 107,000, setting a new historical high. As of the time of writing, the Bitcoin price remained around USD 106,000. Previously, U.S. President-elect Trump reiterated plans to establish a U.S. Bitcoin strategic reserve similar to the national strategic petroleum reserve, sparking optimism in the market. He stated in a media interview last week, "We will do great things in the cryptocurrency space." He mentioned that more and more countries are embracing cryptocurrencies, but "we want to be the leaders." Recently, BOYAA announced that from November 19 to November 28, it exchanged 14,200 Ether for approximately 515 Bitcoins. The total market value of this exchange was about USD 49.48 million, with the original purchase cost of the ETH being approximately USD 39.45 million. After the exchange, BOYAA Group holds approximately 3,183 Bitcoins, with an average holding cost of about USD 57,724 per Bitcoin