Boyaa Interactive to raise HK$441 million through share sale

Boyaa Interactive International (0434), the Asian-listed company with the largest Bitcoin holdings, announced a share sale plan to raise HK$441 million. 

The company plans to sell 63.51 million shares, or 8.2 percent of the enlarged shares, for HK$6.95, representing an 8.19 percent discount to the closing price on Wednesday. 

It intends to use the net proceeds to further promote its business development in the Web3 sector. 

Its shares rose 4 percent after trading in the shares resumed.