According to an official announcement, Boyaa Interactive International Limited has entered into a placing agreement with the placing agent to place up to 63,510,000 new shares at a placing price of HK$6.95 per share. The placing shares represent 8.93% of the total issued shares, or approximately 8.20% of the total issued shares after enlargement.

The maximum total proceeds from the placing will be HK$441 million, with an estimated net proceeds of approximately HK$436 million, which will be used for business development in the Web 3 field, including Web 3 game research and development and promotion, infrastructure construction, project investment and strategic cooperation, as well as the Group's business working capital and general corporate purposes.

Boyaa Interactive also resumed trading. As of press time, Boyaa Interactive (HK:00434) was trading at HK$8, with an intraday increase of 5.68%.

In March this year, Boyaa Interactive (0434.HK) announced that its total bitcoin holdings had increased to 3,350, with an average holding price of US$58,627.