Cryptoblox Technologies Inc (TSE:BLOX) has released an update.
CryptoBlox Technologies Inc. has announced the acquisition of Blockchain Fintech, a developer of blockchain financial technologies, by offering 20 million of its common shares valued at $11 million. This strategic move, fueled by a significant surge in CryptoBlox’s share value, aims to complete and enhance the company’s Diversified Blockchain Ecosystem, particularly its Structured Digital Asset Products & Blockchain Payments division. The acquisition represents a key step in CryptoBlox’s growth strategy and its ability to offer non-custodial digital asset products.
For further insights into TSE:BLOX stock, check out TipRanks’ Stock Analysis page.
