UK-listed Coinsilium raises $3.8 million... Additional Bitcoin purchase expected

Source
Heecheol Yang

Summary

  • Coinsilium has raised $3.8 million, indicating the possibility of additional Bitcoin purchases.
  • This funding was executed through an Accelerated Bookbuild, with 15,486,111 new shares issued at £0.18 per share.
  • Coinsilium’s subsidiary Forza Gibraltar Limited already holds 43.1 BTC, and the prospect of further Bitcoin acquisition is being highlighted.

UK-listed venture capital firm Coinsilium has raised $3.8 million (about ₩5.1 billion), hinting at the possibility of additional Bitcoin (BTC) purchases.

On the 3rd (local time), crypto-specialized media Blockbit reported that "Coinsilium's subsidiary Forza Gibraltar Limited raised $3.8 million and plans to purchase additional Bitcoin." This funding was carried out via an Accelerated Bookbuild, in which new shares are quickly allocated; 15,486,111 new shares were issued at £0.18 per share.

Previously, Coinsilium’s wholly owned subsidiary, Forza Gibraltar Limited, had purchased 10.21 BTC last month and currently holds a total of 43.1 BTC. Following this funding, the possibility of further Bitcoin acquisition is being discussed.

Heecheol Yang

Heecheol Yang

heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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