Toronto, Ontario – In a move signaling a deepened commitment to the digital asset space, Sixty Six Capital Inc. (the “Company”), has announced a fresh injection of Bitcoin into its portfolio. The company has acquired an additional 18.2 Bitcoin (“BTC”) from its cash reserves and assets, totaling CAD$2,634,450. The move follows a long-term strategy focused on Bitcoin ownership, and directly owning the digital asset.
This increases the company’s direct BTC holdings and comes as the company evaluates strategy for its allocation of the Canadian ETF BTCC.B, currently holding the equivalent of 113 BTC. These will be converted to direct holdings of Bitcoin in the near future.
CEO David Rowe commented on the move, stating, “We have been pioneers in Bitcoin from 2016, first through mining then through indirect purchases. It is now the time to accelerate the BTC accumulation strategy and we are delighted to announce the first steps in this process.”
Further bolstering its growth strategy, Sixty Six Capital also intends to launch a non-brokered private placement financing. The offering will entail the issuance of up to 24,510,714 common shares at a price of CAD$0.14 per share, with the intent of raising up to USD$2.5 million. The capital generated from this offering will be earmarked for further Bitcoin acquisitions, as well as for general working capital and operational expenditures, marking a strategic move toward enhancing its footprint in the crypto space.
The closing of this offering is contingent upon securing all necessary corporate and regulatory approvals, including those from the Canadian Securities Exchange. The securities issued as part of this offering will be subject to a hold period of four months plus a day from the date of issuance, in accordance with the applicable securities legislation. The company does not anticipate incurring any finder’s fees related to this offering.
About Sixty Six Capital
Sixty Six is an innovative investment company specializing in cryptocurrency and AI assets.
Forward-Looking Information
This release contains forward-looking statements. These statements involve known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update or revise forward-looking statements, except as required by securities laws.
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