Canadian listed company Captor Capital spent $500,000 to buy Bitcoin as a reserve asset

PANews reported on May 28 that according to GlobeNewswire, Canadian listed company Captor Capital announced two strategic initiatives: 1) Spending $500,000 to purchase Bitcoin as a reserve asset; 2) Issuing $450,000 in unsecured convertible notes to European institutional investors, which will be used to supplement operating funds and promote investment strategies. Captor Capital emphasized that the acquisition of Bitcoin is part of its innovative financial strategy to create excess value for shareholders. According to the terms of the agreement, if the company completes equity financing of more than $10 million or a change in controlling rights occurs, the notes will automatically trigger the conversion mechanism.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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