Hong Kong Stock Movement | Boyaa Interactive (00434) Rises Over 3% After Further Investment in Web3 Project MTT ESports
Boyaa Interactive (00434) showed active performance in today's trading, with its stock price rising over 3% at one point. As of press time, the stock was up 2.79%, trading at HK$4.05, with a transaction volume reaching HK$22.85 million, indicating a significant improvement in market trading sentiment and heightened investor attention.
On the news front, Boyaa Interactive recently announced that the company formally signed a token warrant subscription agreement with MTT ESports Limited (MTT ESports) on February 17, 2025. According to the agreement, the company will invest 4.1807 million Tether (USDT) as consideration, which based on the Tether market price the day before the announcement, values the investment at approximately US$4.1807 million. This marks Boyaa Interactive's second strategic investment in MTT ESports. Upon completion of the investment, Boyaa Interactive Group will hold 10% of the total MTT token issuance, equivalent to 210 million MTT tokens. According to the agreement, the acquired MTT tokens will begin linear unlocking from January 2026, with the unlocking process expected to be completed gradually over the next 48 months.
Furthermore, combined with Boyaa Interactive Group's first investment agreement signed with MTT ESports on September 17, 2024, when the group invested 100 Bitcoin (BTC) as consideration, the cumulative investment value of Boyaa Interactive Group in MTT ESports has reached approximately US$10 million. This series of investment initiatives fully demonstrates Boyaa Interactive Group's high recognition of the Web3 gaming sector and its determination for strategic deployment, while also highlighting the group's forward-looking vision and active positioning in emerging technology fields.
According to reports, MTT ESports is a limited liability company registered in the British Virgin Islands, focusing on Web3 infrastructure construction and the development and operation of Web3 games. The company has an experienced international team with members from globally renowned blockchain technology companies and game development enterprises, possessing deep technical expertise and market operation experience. MTT ESports has developed and owns two core products: the MTT Sports gaming platform and MTT Network, dedicated to creating a globally leading Web3 gaming ecosystem.
The MTT Sports gaming platform is an Esports application supporting both PC and mobile platforms, officially launched to the market in 2024, with the goal of creating an international top-tier competitive event brand. The platform provides free participation, allowing global gaming users to enjoy high-quality tournament experiences without financial investment, lowering user participation barriers and enabling more players to participate in esports competitions in a healthy and positive manner. With its unique creative design, excellent user experience, and solid technical capabilities, the MTT Sports gaming platform has quickly gained recognition and appreciation from a large number of users in a short period, with positive market response and continuously increasing user engagement.
Additionally, since its launch, the MTT Sports gaming platform has quickly made its mark in the global esports market with its innovative tournament model and excellent user experience. Through its free participation model, the platform has successfully attracted a large number of young users, especially in regions such as Southeast Asia, Europe, and Latin America, where user growth has been rapid, market feedback positive, and user activity continuously rising.
MTT Network, as the underlying technical support for the MTT Sports gaming platform, adopts advanced Cosmos ecosystem blockchain technology, compatible with the Ethereum Virtual Machine (EVM), capable of efficiently executing smart contracts, ensuring fairness, transparency, and security of tournaments. The high performance and stability of MTT Network provide solid technical support for the platform's rapid expansion and lay the foundation for the development of more Web3 application scenarios in the future.
Market analysts point out that Boyaa Interactive's further investment in MTT ESports demonstrates the company's long-term optimism about the Web3 gaming sector and its determination for strategic deployment. With the continuous expansion of the global esports market and the gradual maturation of Web3 technology, Boyaa Interactive is expected to leverage this investment to further enhance the company's competitiveness and brand influence in emerging markets, promote the diversification of the company's business, and create more long-term value.
Following the announcement of this investment, market reaction has been positive, with investor confidence significantly strengthened. Boyaa Interactive's stock price has been active, with transaction volume significantly increased, indicating the capital market's recognition and expectation of the company's strategic deployment.