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Vinanz Limited ( (GB:BTC) ) has issued an announcement.
London BTC Company Limited has announced a proposed capital raising to secure between £1 million and £5 million through the issuance of new ordinary shares at 13 pence per share. The raised funds will support mining operations, purchase additional bitcoin, and assist with fees for a proposed Nasdaq listing. The capital raising is not underwritten and the shares will be traded on the London Stock Exchange. This move reflects the company’s strategy to leverage its bitcoin holdings, despite the inherent risks associated with cryptocurrency investments.
More about Vinanz Limited
London BTC Company Limited operates in the cryptocurrency industry, focusing on holding treasury reserves and surplus cash in bitcoin. The company is not regulated by the UK’s Financial Conduct Authority and acknowledges the high-risk nature of bitcoin investments, which are unregulated in the UK.
Average Trading Volume: 2,099,210
Technical Sentiment Signal: Strong Sell
Current Market Cap: £49.79M
For an in-depth examination of BTC stock, go to TipRanks’ Overview page.