Hong Kong Stock Market Update | BOYAA drops more than 10%, Bitcoin falls below $69,000. The company announced plans to purchase up to $100 million worth of cryptocurrency.
BOYAA's morning session fell more than 10%, as of the deadline, it dropped by 9.13% to HKD 2.09, with a turnover of HKD 10.4346 million. On the news front, Bitcoin has recently hit new highs. On March 13, the price of Bitcoin reached $73,664, setting a new record. However, Bitcoin plunged today, falling below $69,000, a drop of over 2% intraday. In a research report at the end of February, JPMorgan Chase pointed out that after the "halving" event in April, the price of Bitcoin may fall to $42,000. BOYAA recently announced on the Hong Kong Stock Exchange that in order to further promote the group's business development and layout in the Web3 field, the board of directors is seeking shareholder approval at the shareholders' meeting to further grant the purchase authorization of potential cryptocurrencies, authorizing the board to continue purchasing cryptocurrencies totaling no more than $100 million. It is reported that the company has purchased a total of 1,110 Bitcoins at an average price of around $41,790.
Zhitong App learned that BOYAA (00434) fell more than 10% in the morning session. As of the time of publication, it dropped by 9.13% to HKD 2.09, with a turnover of HKD 10.4346 million.
On the news front, Bitcoin has recently hit new highs. On March 13, the price of Bitcoin reached $73,664, setting a new record. However, Bitcoin took a dive today, falling below $69,000 and dropping by over 2% intraday. In a research report at the end of February, JPMorgan Chase pointed out that after the "halving" event in April, the price of Bitcoin may drop to $42,000.
Recently, BOYAA announced on the Hong Kong Stock Exchange that in order to further promote the group's business development and layout in the Web3 field, the board of directors is seeking shareholder approval at the shareholders' meeting to further grant authorization for the potential purchase of cryptocurrencies, authorizing the board to continue purchasing cryptocurrencies totaling no more than $100 million. It is reported that the company has purchased a total of 1,110 Bitcoins at an average price of around $41,790.