other material
confidence high
sentiment neutral
materiality 0.65
WeTrade Group signs option to buy up to 6,000 BTC at $30,000/BTC locked for 12 months
Next Technology Holding Inc.
- Option covers 6,000 BTC at locked price $30,000/BTC; first batch 833 BTC due end of Sep 2023.
- Second batch of 1,000 BTC scheduled for Oct 2023; remaining batches over 12 months.
- Payment may be made in cash or company stock; shares issued will be locked for 12 months.
- Breach penalty set at 10% of total contract price, i.e., $18,000,000.
- Agreement dated Sep 25, 2023; counterparty is an unaffiliated cooperative enterprise.