other_material
confidence high
sentiment positive
materiality 0.75
Crypto Company raises $100K+ crypto via convertible notes; launches multi-asset treasury
Crypto Co
- Issued 65,043,533 common shares and convertible notes with aggregate principal of 3 BTC, 47.07 ETH, 110,505 XRP, 733.83 AVAX, and $100K USD.
- Notes mature in six months, bear no interest; at maturity convert into shares at 135% of principal based on 10-day VWAP, or repay in same token.
- Investors also received additional shares equal to 5% of note principal at 10-day VWAP; early repayment triggers 90% of token value.
- Press release announces ‘Digital Asset Treasury’ with BTC, ETH, XRP, AVAX; custody partner Anchorage Digital Bank.
- Funding comes from accredited investors Eksa Holdings, Practivist Investors, Richard Averitt, Robert Nail, Ryan Crownholm.
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