Opyl Limited purchased approximately US$210,000 in BTC and announced adoption of Bitcoin financial strategy
Internet reports that Opyl Limited, a Australia artificial intelligence biotechnology company, announced the adoption of a Bitcoin financial strategy. Opyl purchased about 2 bitcoins through the DigitalX Bitcoin ETF listed on ASX, with a value of approximately US$214,500. Although the amount is negligible compared to other companies adopting the same strategy, the company said the move strengthens its "financial diversification" and reflects its commitment to "being consistent with shareholder value creation." The acquisition was supported by non-dilutive financing from non-executive director Antanas"TonyG"Guoga, who is also chairman of SOL Strategies. The loan can be up to $1.3 million, with an interest rate of 6.5%, and is guaranteed by the company's Bitcoin holdings.
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