Boya Interactive Invests 100 Bitcoin in Web3 Game Development Company MTT ESports for 25% Equity
Foresight News reports that Boyaa Interactive International Limited has announced a subscription agreement with MTT ESports, investing in MTT ESports with 100 units of Bitcoin as consideration. According to the market price of Bitcoin one day prior to this announcement, the total value is approximately $5,819,251. Upon completion of the investment, Boyaa Interactive will acquire a 25% equity stake in MTT ESports. MTT ESports will not become a subsidiary of Boyaa Interactive as a result of the investment, and its financial performance will not be consolidated into Boyaa Interactive's financial statements.
MTT ESports is a limited liability company registered in the British Virgin Islands, specializing in the research and development and operation of Web3 infrastructure and Web3 games. It develops and owns the MTT Sports gaming platform and MTT Network.