Blue Star Capital plc completed a £1.25 million fundraising to enhance its investment in Bitcoin and crypto markets via SatoshiPay Ltd. The investment company garnered £1.15 million through a placing and £100,000 from an oversubscribed Broker Option, issuing new shares at £0.18 each. Funds will be used for a secured loan to SatoshiPay to grow its Bitcoin and crypto treasuries, providing indirect exposure to potential Bitcoin gains while ensuring downside protection. The initiative aims to solidify the companies' positions in the evolving crypto landscape.
This Fundraise allows Blue Star shareholders to participate in the increased global interest in businesses operating in crypto related fields and associated treasury positions.
The board of SatoshiPay advises that the enlarged treasury function will strengthen Vortex's core offering through aspects such as supporting stable swap pricing.
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