tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Blue Star Capital’s SatoshiPay Secures Loan and Achieves Key Milestones

Story Highlights
Blue Star Capital’s SatoshiPay Secures Loan and Achieves Key Milestones

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Blue Star Capital ( (GB:BLU) ) has provided an update.

Blue Star Capital plc announced that SatoshiPay Ltd has drawn down a £1,000,000 secured loan to enhance its digital asset treasury function, which is secured against the value of the treasury assets. This move allows Blue Star, as the largest shareholder, to benefit from SatoshiPay’s growth while maintaining security over the funds. Additionally, SatoshiPay has achieved the second set of milestones for a grant from The Web3 Foundation, facilitating the launch of Vortex in key markets and establishing a Polkadot offramp, which positions SatoshiPay to advance its product roadmap and scale Vortex further.

More about Blue Star Capital

Blue Star Capital plc is an investing company with a focus on new technologies, particularly in blockchain, payments, and esports. Its investments include SatoshiPay Ltd, known for innovative blockchain payment solutions, Dynasty Media & Gaming, a B2B white label gaming platform, and Paidia, a female-focused gaming platform.

Average Trading Volume: 1,086,083

Technical Sentiment Signal: Buy

Current Market Cap: £7.73M

For an in-depth examination of BLU stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1