1 sat \ 2 replies \ @kr OP 18 Nov 2021 freebie \ parent \ on: LQwD, the world's first public Lightning Network company, launches their LN platform bitcoin
Canada has a few junior stock exchanges that allow for companies to go public very early in their life cycle, I think this is one of those scenarios
That explains it then. I imagine there's upside to this but mostly seems to put the cart before the horse.
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Yeah, one interesting benefit is that they now have the ability to tap into capital markets in a way that is far less expensive than if they were private.
Ex. they recently announced a $50M shelf offering, which allows them to issue up to $50M of securities (equity, debt, options, etc...). So far they've issued $8M of shares, and have used the proceeds to buy more Bitcoin.
Neat way to get access to cheap financing to buy more Bitcoin.
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