Chinese game developer Boyaa rides bitcoin boom as shares rise ninefold in Hong Kong

Quick Summary:

The company, which develops online card and board games, started investing in digital currencies in 2023.

The digital currency has jumped 135 per cent this year, just shy of the US$100,000 mark.“Sentiment on digital markets generally remains upbeat, particularly for bitcoin, which has shown resilience amid institutional inflows,” Victory Securities said in a report.“Prices will go up further, if the momentum on fund inflows continues.

The president-elect was once a crypto sceptic, but became a fan on the campaign trail, buoyed by donations from digital-asset firms.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong Kong

Topics: Cent Bitcoin Trump Shares Hang Year Hong Boyaa Markets Jumped Trading

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 16:41:38 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 291 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23820081

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