Gaming Company Bets Big On Bitcoin, Selling Ethereum For $50M Boost

Hong Kong-based gaming firm Boyaa Interactive has traded its Ethereum (CRYPTO: ETH) holdings for nearly $50 million in Bitcoin (CRYPTO: BTC). This strategic move comes as Bitcoin is on the brink of reaching a significant $100,000 price milestone.

What Happened: As per a company statement released on Friday, Boyaa Interactive has converted its Ethereum holdings into Bitcoin. The gaming giant exchanged 14,200 Ethereum (ETH) for approximately 515 Bitcoin between November 19-28, thereby increasing their Bitcoin holdings to 3,183 BTC, valued at $310 million at the time of the announcement.

According to the

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