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U.S. Global Investors Makes Substantial Profit Through Selling 10 Million Shares Of HIVE Blockchain
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
Tags: Convertible Bond,Hive Blockchain,Nasdaq,OTCQX,U.S. Global Investors
Link: U.S. Global Investors Makes Substantial Profit Through Selling 10 Million Shares Of HIVE Blockchain [Copy]
