Summary
- FRNT Financial announced a plan to hold Bitcoin reserves.
- The company stated it plans to secure up to C$2,000,000 through a private placement of shares.
- They intend to purchase spot Bitcoin with the funds raised.
Canadian listed company FRNT Financial announced its plan to hold Bitcoin (BTC) reserves.
On the 15th (local time), FRNT Financial stated on X (formerly Twitter), "We plan to raise up to C$2,000,000 (approximately $1,460,000 USD) through a private placement of shares," adding, "With the funds raised, we plan to purchase spot Bitcoin."
As of 11:08 PM, according to the Binance USDT market, Bitcoin is trading at $118,310, down 2.81% compared to 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
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