The post Bitcoin steadies as Boyaa clears $100m crypto mandate appeared on BitcoinEthereumNews.com.

Answer: Not 70m, Boyaa Interactive’s USD 100 million cryptocurrency mandate A claim that Boyaa Interactive plans to invest no more than USD 70 million in cryptocurrency is not supported by the official record. Public disclosures show a shareholder-approved mandate capped at USD 100 million for digital asset acquisitions, not USD 70 million, as reported by Investing.com (https://www.investing.com/news/cryptocurrency-news/boyaa-interactive-sets-100-million-for-cryptocurrency-investments-93CH-3234128). That ceiling authorizes open-market purchases across specified assets over a defined period. The figure represents a limit on potential deployment, separate from the amount actually invested to date. Why it matters: Web3 strategy, treasury allocation, compliance context The mandate clarifies Boyaa Interactive’s Web3-facing treasury stance by defining eligible assets and maximum capital at risk. This is a governance mechanism, aligning treasury allocation with stated strategy while controlling aggregate exposure. For a Hong Kong–listed issuer, material treasury actions require timely market disclosures and, where applicable, shareholder approval. Differentiating approved ceilings from executed purchases reduces confusion and facilitates comparability across reporting periods. The approved ceiling was formalized in shareholder materials. Boyaa Interactive’s circular states it may acquire cryptocurrencies in an “aggregate amount not exceeding USD 100 million,” reflecting an authorization rather than a predetermined spend level (Boyaa Interactive, shareholder circular filed on HKEX: https://www.boyaa.com.hk/attachment/1727256113809482.pdf). Subsequent disclosures detail sizable Bitcoin execution activity. Based on data from HKEX filings, Boyaa reported purchases of roughly 411 BTC for about HKD 370 million (approximately USD 47.5 million) at an average price near USD 115,420 per coin, and a total position of about 4,091 BTC with an aggregate cost near USD 279 million and an average cost of about USD 68,100 (https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0918/2025091800320.pdf). These filed figures exceed the disputed USD 70 million figure and align with the higher USD 100 million mandate. They also illustrate the distinction between a ceiling and subsequent treasury execution. How to verify: HKEX filings and company…

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Filed under: News - @ March 22, 2026 1:26 pm