French firm Crypto Blockchain Industries (CBI) has made headlines by announcing a significant acquisition deal aimed at increasing its Bitcoin reserves.
Deal with SAFEbit
CBI and its shareholder Ker Ventures have entered into an all-equity deal to purchase 2,000 BTC from the Turkish crypto exchange SAFEbit. This transaction could be valued at over €200 million, highlighting the rising interest in Bitcoin reserves among global firms.
Advantages of Equity Deals
The all-equity deal allows CBI to increase its Bitcoin reserves without cash expenditure. It also strengthens shareholder alignment with the Bitcoin treasury strategy, further enhancing interest in Bitcoin from investors.
Crypto Blockchain Industries Strategy
Crypto Blockchain Industries, listed on Euronext Growth Paris under the ticker ALCBI, is a company operating in the crypto gaming and non-fungible token sector, currently possessing Bitcoin reserves. One of its major shareholders, Ker Ventures, is owned by Frédéric Chesnais, who also serves as the CEO of CBI.
The CBI deal with SAFEbit illustrates the global trend toward increasing Bitcoin reserves among corporations, emphasizing the advantages of equity deals amid rising interest in cryptocurrencies.
