Coinsilium has completed a successful share placement, raising £1.25M to implement its Bitcoin accumulation strategy.
About the Share Issuance
The oversubscribed placing involved the issuance of 41.6 million new shares at a price of 3 pence each. This move demonstrated strong investor interest.
Use of Proceeds
According to the official statement, the net proceeds will be deployed through the company’s wholly owned subsidiary, Forza (Gibraltar) Limited. The funds are earmarked to support investments, Bitcoin accumulation, and general working capital.
Bitcoin Accumulation Strategy
Aligning with current trends, Coinsilium will integrate Bitcoin into its asset management strategy, highlighting the growing interest of corporate entities in Bitcoin as a hedge and strategic asset.
The capital raise reflects Coinsilium's intention to adapt to changing market conditions and utilize Bitcoin as a key element of its financial strategy.
