Canadian-listed company Belgravia Hartford Capital raises CAD 10 million in private placement, with all proceeds to be used for Bitcoin purchases
Foresight News reports that Canadian listed company Belgravia Hartford Capital has announced a C$10 million private placement with 100% of reserves allocated to Bitcoin. The company will issue up to 40 million units through a non-brokered private placement, at a price of C$0.25 per unit, for a total value of up to C$10 million.
Each unit consists of one common share of the company and one-half of a common share purchase warrant (each whole warrant, referred to as a "warrant"). Each warrant entitles the holder to purchase one additional common share at an exercise price of C$0.50 per share. The company stated that all proceeds from this offering will be exclusively used to purchase Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin (BTC) Tanks Toward $80K, Ripple (XRP) Loses Key Support: Weekend Watch
WLD Price Prediction: Worldcoin Eyes $12 as Cloudflare Partnership Advances
Last week, retail investors made a "record-breaking" dip buy of US chip leveraged ETFs, but this week they plummeted.
Last week, retail investors poured $6.1 billion into 3x leveraged chip ETFs, but suffered a 20.5% single-day plunge this Thursday, almost perfectly coinciding with the start of the rapid downturn. The cumulative decline in October has exceeded 43%, far surpassing the 15.9% loss of non-leveraged products during the same period. The root cause lies in the market’s skepticism toward AI investment returns. The most significant uncertainty is whether aggressive spending by tech giants will actually deliver on profit expectations, while the use of leverage has exponentially magnified the cost of this misjudgment.
Africa’s payment giant backed by SoftBank is rushing to list in the US! Opay (OPAY.US) plans to raise $336 million, with its valuation possibly exceeding $4 billion
The payment platform Opay Ltd., which focuses on the Nigerian market, plans to raise up to 336 million dollars through an initial public offering (IPO).
Crypto prices
More
