Mulan Investment has released the latest research report on Boyaa Interactive (0434.HK). The report indicates that the company recently announced a more aggressive Bitcoin reserve strategy, planning to initiate external financing to accelerate Bitcoin allocation, and aims to achieve a strategic reserve goal of 21,000 Bitcoins by 2027. In the short term, Boyaa Interactive will officially be included in the MSCI Global Small Cap Index after the market closes on August 26, 2025. The company has purchased 3,416 Bitcoins, becoming the largest publicly listed Bitcoin reserve company in the Hong Kong market.