Hong Kong’s game developer Linekong Interactive to buy up to $6m in crypto
Chinese public game developer Linekong Interactive plans to purchase $6 million in Bitcoin and Ethereum. In a regulatory filing with the Stock Exchange of Hong Kong on Jan. 21, Linekong Interactive proposed a revision of its previously approved transaction to buy up to $5 million in Bitcoin (BTC) and Ethereum (ETH). Now, the Hong Kong-based game developer wants to increase that cap to $6 million, citing the rapid rise in crypto prices. “The company believes these revisions would provide flexibility to the board in capturing fleeting opportunities in the highly volatile crypto currency market.” Linekong Interactive You might also like: China crypto bans: a complete history Once the company gets approval from its shareholders, it will need to re-comply with relevant provisions, including reporting, announcement, circular, and independent shareholders’ approval requirements, the filing reads. A circular, containing details of the proposal, is expected to...