HK Stock Market Move | BOYAA (00434) surges over 12% again; Bitcoin breaks above $85,000; the company holds a total of approximately 4,468 bitcoins.

BOYAA (00434) surged over 12% again, up 12.02% as of press time, at HK$3.495, with a turnover of HK$9.277 million. On the news front, the cryptocurrency rally continued, with Bitcoin breaking above $85,000 per coin. As of press time, Bitcoin was trading at $85,565 per coin, up 5.25% over the past 24 hours, hitting a new high since late January. Coinglass data shows that the total amount of cryptocurrency liquidations over the past 24 hours was $610 million, of which short position liquidations amounted to $536 million. It is understood that although US congressional legislation has stalled, the US SEC has introduced an "innovation exemption" rule allowing eligible tokenized stock trading, sending a positive signal that regulators support the integration of crypto assets with mainstream finance. On the evening of September 21, BOYAA announced that during the past week, the group conducted a series of transactions on the open market, further purchasing a total of approximately 152 bitcoins at a total consideration of approximately HK$90.63 million, at an acquisition cost of approximately $75,899 per coin. Upon completion of this purchase, as of the date of the announcement, the group held a total of approximately 4,468 bitcoins, at an average cost of approximately $68,543 per coin.