The Hong Kong-listed company Boyaa Interactive (0434.HK) announced that between November 19 and 28, the group exchanged approximately 14,200 ETH for about 515 BTC, with a total market value of about $49.48 million USD (excluding transaction fees).
Boyaa Interactive stated that the original purchase cost of the ETH used to exchange for BTC was approximately $39.45 million USD. After the exchange was completed, the group held a total of about 3183 BTC, with an average holding cost of about $57,700 USD.