on CRYPTO BLOCKCHAIN INDUSTRIES (EPA:ALCBI)
€5 million raised for CBI's Bitcoin strategy
CRYPTO BLOCKCHAIN INDUSTRIES (CBI), listed on Euronext Growth Paris, announced it has raised €5 million from institutional investors to accelerate its Bitcoin acquisition strategy. More than $1.2 million has been invested in Bitcoin mining, with a projected three-year return on investment of over 30%.
In parallel, CBI allocated USD 0.5 million to CEA Industries, a company listed on the NASDAQ, investing in the BNB token. This investment represents a latent profit of 140%. The remaining funds raised will be gradually invested in the acquisition of Bitcoin, taking advantage of market opportunities.
The block sale program has been suspended in favor of non-dilutive borrowing and direct stock vs. Bitcoin swaps. The CBI points out that these initiatives carry risks related to the volatility of cryptoassets.
R. H.
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