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GIBRALTAR - Coinsilium Group Limited (AQUIS:COIN, OTCQB:CINGF) has raised £5 million through a placing of 83.3 million new ordinary shares at 6 pence per share, the digital asset venture builder announced Thursday.
OAK Digital Capital, a division of OAK Securities specializing in digital asset investment, participated in the placing with a £2 million commitment. OAK Securities acted as the sole broker for the transaction.
The company said proceeds will primarily be used to further the growth of Forza (Gibraltar) Limited, its wholly owned Bitcoin treasury strategy subsidiary.
Coinsilium also plans to launch a retail offer to new and existing shareholders on similar terms through the Winterflood Retail Access Platform (WRAP). The company indicated it will provide further details about this retail offer in an upcoming announcement.
The placing is conditional on the admission of the new ordinary shares to trading on the Aquis Growth Market, which is expected to occur on July 30. The new shares will rank equally with existing ordinary shares.
Coinsilium maintains a diversified portfolio of strategic investments across the digital asset space, with its Bitcoin holdings managed through its Gibraltar-based subsidiary Forza. The company noted in its statement that digital assets like Bitcoin are considered high-risk and speculative by the Financial Conduct Authority, with potential for extreme price volatility.
The announcement was made as part of a regulatory disclosure based on a company press release.
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