Captor Capital, a publicly traded Canadian company, paid $500,000 to buy Bitcoin as a reserve asset
PANews reported on May 28 that according to GlobeNewswire, Captor Capital, a Canadian listed company, announced two strategic moves: 1) spending $500,000 to buy Bitcoin as a reserve asset; 2) US$450,000 of unsecured convertible notes to European institutional investors, which will be used to replenish working capital and advance investment strategies. Captor Capital highlighted the Bitcoin acquisition as part of its innovative financial strategy to create excess value for shareholders. According to the terms of the agreement, if the company completes equity financing of more than US$10 million or changes its controlling interest, the notes will automatically trigger the share transfer mechanism.
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