Core Viewpoint - The company, Boyaa Interactive, is heavily investing in Bitcoin, holding 3,416 BTC with an average cost of approximately $59,300 per coin, positioning itself as a leading Bitcoin holder among Hong Kong-listed companies [1][3][4]. Group 1: Investment Strategy - Boyaa Interactive's chairman, Dai Zhikang, has a strong belief in Bitcoin as a future mainstream asset and has not disclosed any plans to reduce their holdings despite significant unrealized gains [3][4]. - The company has spent over $200 million (approximately 1.5 billion RMB) on Bitcoin acquisitions and plans to use equity and debt financing, along with cash flow from its gaming operations, to further increase its Bitcoin reserves [8][12]. - Boyaa Interactive's Bitcoin holdings have increased steadily, with an average acquisition of over one Bitcoin per day since June 30, 2023 [7][11]. Group 2: Business Operations - The primary business of Boyaa Interactive remains gaming, with 97.3% of its revenue coming from online games, particularly from its flagship game, Texas Hold'em [9][12]. - The company is exploring the integration of Web3 technology into its gaming operations, aiming to create high-quality Web3 games that could attract new users and enhance its existing gaming business [12][13]. - Boyaa Interactive has made investments in Web3 infrastructure and gaming, including a $10 million investment in MTT ESPorts, which focuses on Web3 game development [15][16]. Group 3: Market Performance - The stock price of Boyaa Interactive has seen a significant increase, rising approximately 90% this year, largely attributed to its entry into the cryptocurrency market and the strong performance of Bitcoin [18][20]. - The company aims to emulate the success of Strategy, a major corporate Bitcoin holder, by continuously increasing its Bitcoin reserves and using Bitcoin growth rates as a key performance indicator [20][21]. - Boyaa Interactive's financial reports indicate a decline in revenue from its main game, Texas Hold'em, prompting management to seek growth through international expansion and diversification into Web3 gaming [11][12].

Core Viewpoint - The article highlights the strategic investment in Bitcoin by Boyaa Interactive, led by Chairman Dai Zhikang, positioning the company as a significant player in the cryptocurrency space while maintaining its core business in gaming [1][3][4]. Group 1: Bitcoin Investment Strategy - Boyaa Interactive holds 3,416 Bitcoins, with an average cost of approximately $59,300 per coin, making it the largest holder among Hong Kong-listed companies [1][3]. - The company has shown a strong commitment to increasing its Bitcoin reserves, viewing it as a key strategic asset for the future [4][7]. - Despite market volatility, Boyaa Interactive has continued to accumulate Bitcoin, purchasing approximately 100 Bitcoins for $7.95 million when prices dipped below $80,000 [5][7]. Group 2: Company Background and Leadership - Dai Zhikang, a notable figure in the tech industry, has a history of successful investments in cryptocurrency, including an early investment in Huobi [3][6]. - The company has been in the gaming industry for 20 years, primarily known for its popular game "Texas Hold'em," which has generated significant revenue [8][12]. - Boyaa Interactive's workforce is predominantly focused on gaming, with over 95% of its 226 employees engaged in game-related activities [8]. Group 3: Financial Performance and Future Plans - The company plans to utilize equity and debt financing, along with cash flow from its gaming operations, to further increase its Bitcoin holdings, with a total planned investment of up to $200 million [7][18]. - Boyaa Interactive aims to integrate Web3 technology into its gaming business, believing that this will create synergies and attract new users [12][16]. - The stock price of Boyaa Interactive has seen a significant increase, rising approximately 90% this year, largely attributed to its foray into the cryptocurrency market [16][18]. Group 4: Market Position and Competitive Strategy - Boyaa Interactive aspires to become a leading Web3 company in Asia, drawing inspiration from successful models like Strategy, which is a major corporate Bitcoin holder [18][20]. - The company has already made investments in Web3 infrastructure and gaming, indicating a proactive approach to expanding its digital asset portfolio [16][20]. - The strategic focus includes solidifying its gaming business while aggressively increasing Bitcoin reserves and developing Web3 gaming products [18][20].