With £6M Raise and a New CEO, UK’s Vaultz Capital to Begin Bitcoin Accumulation
Main Idea
UK-based Vaultz Capital raised £6 million to pursue a Bitcoin acquisition strategy for its corporate treasury and appointed a new CEO and Bitcoin Advisory Board.
Key Points
1. Vaultz Capital raised £4.275 million through a subscription led by Aura Digital and an additional £2 million via an oversubscribed placing, with £2.6 million allocated for Bitcoin acquisition.
2. Erik Benz was appointed as the new CEO, and a Bitcoin Advisory Board was established, including members Mark Taverner and Hans Henrik Hoffmeyer.
3. The company is following a strategy similar to MicroStrategy, which has influenced over 280 global corporations in Bitcoin acquisition.
4. Bitcoin's price dropped 3% in the past 24 hours to $114,955, but remains in a macro bullish territory after recording a monthly close above $115k in July.
5. The supply of Bitcoin on centralized exchanges decreased by 42,106 coins in the last 7 days, now hovering around 2.1 million BTC.
Description
Vaultz Capital has appointed Eric Benz as the new CEO and a new Bitcoin Advisory Board has been formed. The company plans to conduct several capital raises to accumulate more Bitcoins. BTC price has suffered midterm bearish sentiment amid heightened demand from corporate investors. U.K.-based digital asset firm Vaultz Capital (AQSE: V3TC) announced it has raised over £6 million to launch an aggressive Bitcoin (BTC) acquisition strategy for its corporate treasury. The company has also appointed n...
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