Coinsilium Group Limited (AQUIS:COIN, OTCQB:CINGF), the Web3 investor, advisor, and venture builder is pleased to announce that it has raised GBP 1.25 million gross via a broker led placing of 41,666,657 new ordinary shares of no par value ("Ordinary Shares") at a price of 3 pence per share (the “Placing”). The Placing was oversubscribed.
The net proceeds of the Placing will be deployed to further the development of Forza (Gibraltar) Limited (“Forza!”), the Company’s wholly-owned vehicle dedicated to Bitcoin-based treasury activities, to fund further investments and general working capital.
Is anyone else scared to see these ramp up?
"Bitcoin Is Money For Enemies"
My top concern would be that government will use bitcoin as scapegoat for stock market crash if a large percentage of companies end up hold BTC in treasury.
It’s the new ICO hype. I’m not scared worst thing that can happen is that these companies sell and price goes down