Summary
- BitMax, as a KOSDAQ-listed company, announced the additional acquisition of Bitcoin worth 7.1 billion KRW.
- Funds raised through the fourth issuance of convertible bonds will be used for this financing.
- BitMax said it expects to enhance its corporate value and expand its revenue model through strategic Bitcoin reserves.
BitMax, a KOSDAQ-listed company, announced that it will acquire Bitcoin (BTC) worth 7.1 billion KRW.
On the 24th (local time), BitMax disclosed that it had acquired 49.0604 BTC, equivalent to 7,103,810,000 KRW, and stated, “The payment will be made using funds raised through the fourth issuance of convertible bonds, for which the payment was completed on the 20th.” The transferor is Chairman Kim Byung-jin of Plake, who is known as the actual owner of BitMax.
BitMax stated, “The number of global companies pursuing strategic Bitcoin reserves is increasing,” and added, “Through this additional acquisition, we expect to build a revenue model in line with the expanding role of Bitcoin, which will positively affect our corporate value.”
Meanwhile, on the 13th, BitMax also acquired 20.7605 BTC. To date, the company has accumulated about 300 BTC.
Son Min
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