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The latest announcement is out from Planet Mining Exploration ( (TSE:PXI) ).
Planet Ventures Inc. has announced a proposed CAD $5,000,000 convertible debenture financing to enhance its Bitcoin treasury strategy. The financing, which offers a 12% annual interest rate and a conversion option into common shares, aims to bolster the company’s Bitcoin holdings and reinforce its position as a leading Bitcoin treasury company in Canada. The proceeds will be used exclusively for acquiring additional Bitcoin, and the offering is subject to regulatory approvals.
More about Planet Mining Exploration
Planet Ventures Inc. is an investment issuer that focuses on acquiring Bitcoin.
Average Trading Volume: 652,681
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$43.01M
Learn more about PXI stock on TipRanks’ Stock Analysis page.