Express

U.S. Global Investors Makes Substantial Profit Through Selling 10 Million Shares Of HIVE Blockchain

Mary Liu

Summary: U.S. Global Investors, Inc. (NASDAQ: GROW) today announced that it has sold 10 million shares of HIVE Blockchain Technologies (OTCQX: HVBTF) with a profit of approximately $18 million. The company plans to reinvest in HIVE through a private placement of unsecured convertible bonds with $15 million, which still require regulatory approval from TSX Venture Exchange. ...

U.S. Global Investors, Inc. (NASDAQ: GROW) today announced that it has sold 10 million shares of HIVE Blockchain Technologies (OTCQX: HVBTF) with a profit of approximately $18 million. The company plans to reinvest in HIVE through a private placement of unsecured convertible bonds with $15 million, which still require regulatory approval from TSX Venture Exchange. Frank Holmes, CEO of GROW, said: "By repositioning our investment in HIVE, we seek to continue participating in the crypto-mining ecosystem while lowering much of the volatility of our investment portfolio."

By Mary Liu

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 8 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 15 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 19 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 21 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 26 days ago
  • You need to login to comment.