Summary
- Nasdaq-listed Tarimune said it raised $540 million through a private placement to stockpile the Canton Network's native token 'CC'.
- ARK Invest, DRW, Kraken, Polychain Capital and other major investors participated in the fundraising.
- Tarimune said it plans to stockpile CC tokens as strategic assets and expand participation in the Canton Network ecosystem, including establishing a treasury and expanding digital asset infrastructure participation.
Nasdaq-listed biotechnology company Tarimune (Tarimune, ticker: THAR) raised $540 million through a private placement to stockpile the Canton Network's native token 'CC'.
On the 3rd (local time), crypto asset media The Block reported that ARK Invest, DRW, Kraken, Polychain Capital and others participated in the fundraising. The deal was struck at $3.075 per share.
Tarimune plans to establish a treasury within the Canton Network ecosystem through this fundraising and stockpile CC tokens as strategic assets. The company said, "We will expand participation in digital asset-based decentralized infrastructure to secure long-term research and development (R&D) and financial sustainability simultaneously."
Earlier, Bloomberg reported that major investors in the Canton Network planned to raise about $500 million to build a CC token treasury. Tarimune's fundraising is interpreted as part of that plan.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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