Benefiting from the continuous rise in bitcoin prices, Hong Kong stocks related to the crypto concept have strengthened. As of the time of writing, $BOYAA (00434.HK)$ 、$MEITU (01357.HK)$ 、$OKG TECH (01499.HK)$increased by 6.60%, 4.78%, and 1.84% respectively.

In terms of news, bitcoin broke through the important threshold of 0.09 million USD, reaching a high of 93,483 USD, setting a new historical high. As of the time of writing, it has fallen by 0.54%, priced at 89,983 USD.

This strong performance is attributed to the optimistic market sentiment following the USA elections, as well as expectations for a future regulatory environment that might be more supportive of cryptos.

As bitcoin prices continue to soar, some analysts are beginning to expect that this cryptocurrency could break through 0.1 million dollars this year. For instance, CoinShares research head James Butterfill recently stated that, with Trump's victory and the Republican majority in the Senate, it would become easier to promote the "anticipated loose regulatory framework," allowing bitcoin to rise to 0.1 million dollars—indicating a 33% increase.

Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, believes that after Trump's victory, the price of bitcoin will reach $0.125 million by the end of this year and $0.2 million by the end of 2025.

Boyaa has attracted market attention due to inventory accumulation.

Recently, Boyaa, a gaming company listed in Hong Kong, has received significant market attention due to the skyrocketing market cap of the bitcoin it holds. The company started purchasing cryptos and other digital assets in 2023, and by the end of 2023, its held digital assets reached 78.6 million yuan. By the end of the first half of 2024, its digital assets grew to approximately 1.688 billion yuan, accounting for 75% of the company's total assets, with more than 90% in current assets.

As of November 12, boyaa has held 2,641 bitcoins, with a total cost of approximately 0.143 billion USD and an average cost of about 0.054 million USD per bitcoin; has already held$Ethereum (ETH.CC)$0.0154 million bitcoins, with a total cost of approximately 42.5781 million USD and an average cost of about 2,756 USD per bitcoin. With the recent explosion in the digital currency market, the price of bitcoin has exceeded 0.09 million USD and the price of ethereum has also soared significantly, resulting in boyaa's crypto investment portfolio achieving substantial unrealized gains.

In recent years, the company has shown great enthusiasm for investing in digital assets, considering it a key initiative for the development and layout of its Web3 business. In 2024, Boyaa's share price performed strongly, with a net profit increase of about 1093.4% year-on-year in the first quarter, continually reflecting positive performance growth. The fair value gains of the digital assets held by the company were approximately 0.2457 billion yuan, accounting for 87% of the net income attributable to shareholders, demonstrating the significant contribution of digital assets to the company's performance.

In addition, Boyaa's business layout in the Web3 field is also accelerating, as the company participated as a limited partner in AWAKENING VENTURES LIMITED PARTNERSHIP, committing to invest 500,000 USD, with main investment directions including programmable bitcoin networks and Web3 games, among others. The company is also increasing its R&D efforts for Web3 game products, continuously enriching the content and gameplay of its games to adapt to the gaming characteristics of the Web3 era.

Editor/Rocky