TechFlow reported on January 22 that, according to official news, Critical Metals Corp (Nasdaq: CRML) announced its board of directors has approved a comprehensive Bitcoin reserve strategy, incorporating Bitcoin into its primary reserve assets. The company secured up to $500 million in funding through convertible notes led by JBA Asset Management to purchase Bitcoin, with the first round of $100 million already completed.
The convertible notes are set at a fixed conversion price of $6 per share into common stock, while the warrants have a conversion price of $7. CEO Tony Sage stated that this move will strengthen the balance sheet and create long-term shareholder value, aligning with the Trump administration's advocated national Bitcoin reserve initiative.
