On August 21, Daybo Interactive announced a proposed placement of up to 63.51 million shares at a price of HK$6.95 per share (a discount of 8.19% to the previous closing price), expected to raise approximately HK$440 million. The funds will mainly be used to promote the company's development in the Web3 sector. Mulan Capital believes attention should be focused on the company's continued accumulation of Bitcoin reserves and the implementation of subsequent strategies.