Boyaa Interactive announced an investment of 100 bitcoins in the Web3 infrastructure company MTT Esports

2024-09-17 12:18:52

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ChainCatcher news, Boyaa Interactive (00434.HK) announced that on September 17, 2024, the company entered into a subscription agreement with MTT ESports Limited ("MTT ESports") to invest in MTT ESports for 100 units of Bitcoin (BTC) as consideration, which, based on the market price of Bitcoin on the day immediately preceding this announcement, is equivalent to a total value of approximately 5.8193 million USD.

Upon completion of the investment, the company will acquire a 25% equity stake in MTT ESports. MTT ESports will not become a subsidiary of the company as a result of the investment, and its financial performance will not be consolidated into the group's financial statements. To the best of the directors' knowledge, after making all reasonable inquiries, MTT ESports and its beneficial owners are independent third parties and have no connections with the company or its related parties.

MTT ESports is a limited liability company registered in the British Virgin Islands, focusing on the research and development and operation of Web3 infrastructure and Web3 games, and it develops and owns the MTT Sports gaming platform and MTT Network.

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