Hong Kong gaming firm Boyaa Interactive now has the largest bitcoin treasury among Asian companies after converting its ethereum portfolio to bitcoin.

Between November 19 and 28, the company exchanged 14,200 ethereum (valued at US$49.5 million) for about 515 bitcoin.

This move boosts Boyaa’s bitcoin reserves to 3,183 BTC, currently valued at approximately US$310 million, based on CoinGecko data.

The company acquired ethereum at an estimated US$39.45 million, with an average price of US$2,777 per token.

This transaction aligns with Boyaa’s earlier commitment to allocate up to US$100 million in digital assets, such as bitcoin and ethereum.