Techub News: Digital asset company K33 announced the signing of a share purchase agreement to acquire 46% of the shares in Canadian-based Bitcoin asset management firm Sixty Six Capital Inc. The acquisition price is approximately CAD 4.7 million, representing 95% of the net asset value of the acquired shares. This deal will significantly increase K33's total Bitcoin exposure, as Sixty Six currently holds about 144 Bitcoins through its Bitcoin exchange-traded fund (ETF). The move will strengthen K33's balance sheet and enhance its ability to deploy Bitcoin within its operational platform. Additionally, this transaction will expand K33's business footprint in the Canadian and U.S. capital markets.
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Techub News: Digital asset company K33 announced the signing of a share purchase agreement to acquire 46% of the shares in Canadian-based Bitcoin asset management firm Sixty Six Capital Inc. The acquisition price is approximately CAD 4.7 million, representing 95% of the net asset value of the acquired shares. This deal will significantly increase K33's total Bitcoin exposure, as Sixty Six currently holds about 144 Bitcoins through its Bitcoin exchange-traded fund (ETF). The move will strengthen K33's balance sheet and enhance its ability to deploy Bitcoin within its operational platform. Additionally, this transaction will expand K33's business footprint in the Canadian and U.S. capital markets.