HK Stock Market Move | BOYAA (00434) rises by over 11% again, Bitcoin price continues to climb. Company recently announced its holdings of cryptocurrencies.

BOYAA (00434) rose by over 11%, reaching an increase of 11.59% as of the deadline, at 3.08 Hong Kong dollars, with a turnover of 22.5483 million Hong Kong dollars. On the news side, the price of Bitcoin has been rising continuously recently, surpassing Meta, silver, and Saudi Aramco in market value, becoming the world's seventh largest mainstream asset. BOYAA recently announced its cryptocurrency holdings. As of November 12th, the company holds a total of 2641 Bitcoins (BTC), with an average cost of about 54,000 US dollars per coin; and holds 15445 Ether (ETH), with an average cost of 2756 US dollars per coin. Analysts pointed out that based on the current prices of the two types of cryptocurrencies, the total unrealized gains of BOYAA exceed 100 million US dollars. It is reported that in the first half of 2024, BOYAA achieved operating income of 213 million yuan, a year-on-year increase of 9.82%; net profit attributable to shareholders was 284 million yuan, a year-on-year increase of 411.66%. The company stated that the fair value of cryptocurrencies has increased compared to the purchase cost, which is one of the reasons for the significant increase in net profit.