CHINA-BASED BOYAA INTERACTIVE TO ACQUIRE $100M WORTH OF BITCOIN, ETHEREUM

Summary from the TLDR Crypto newsletter

Boyaa Interactive, a leading Chinese board and card game company, has announced its plan to acquire around $100 million in cryptocurrency assets, predominantly Bitcoin and Ethereum, over the next year. Aimed at boosting its position in the web3 space, the purchase won't exceed a 10% premium for these digital currencies. The strategic decision follows a recent surge in institutional interest in Bitcoin and Ethereum.