Successful conversion: Boyaa made the transaction on the open market for a total of 49.48 million USD. The company purchased Ethereum at an average price of 2,777 USD per ETH, totaling approximately 39.45 million USD.

Strengthening competitive position: The conversion raised Boyaa’s total Bitcoin holdings to 3,183 BTC, with an average purchase price of 57,724 USD per Bitcoin, surpassing its competitor Metaplanet from Japan.

Bitcoin growth potential: Bitcoin has shown a strong recovery over the past year, nearly reaching the 100,000 USD mark, making many investors optimistic about the future.

Future investment plans: Boyaa plans to invest up to 100 million USD in cryptocurrencies as part of its fund management strategy.