TechFlow news, June 26 — According to Newsfile, Canadian publicly traded company Sixty Six Capital announced it has purchased 18.2 bitcoins from its own funds. The company currently holds assets equivalent to 113 bitcoins through the Canadian ETF BTCC.B and plans to convert these indirect holdings into direct Bitcoin ownership.
In addition, the company will conduct a non-brokered private placement financing expected to raise $2.5 million, with proceeds used to purchase Bitcoin and for general corporate purposes.
David Rowe, CEO of Sixty Six Capital, said the company has held Bitcoin since 2016 through mining and indirect purchases, and now is the time to accelerate its Bitcoin accumulation strategy.
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