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Australian listed AI company Opyl Limited purchases approximately $210,000 worth of BTC, announces adoption of Bitcoin financial strategy
Summary: According to reports, Australian ASX-listed AI biotech company Opyl has announced the initiation of a Bitcoin treasury strategy to rescue itself from financial crisis. The company purchased approximately 2 BTC, worth around $214,500, through the ASX-listed DigitalX Bitcoin ETF, with non-dilutive loan support provided by blockchain company SOL Strategies Chairman Tony G, with a maximum ...
According to reports, Australian ASX-listed AI biotech company Opyl has announced the initiation of a Bitcoin treasury strategy to rescue itself from financial crisis. The company purchased approximately 2 BTC, worth around $214,500, through the ASX-listed DigitalX Bitcoin ETF, with non-dilutive loan support provided by blockchain company SOL Strategies Chairman Tony G, with a maximum limit of $1.3 million and an annual interest rate of 6.5%. Opyl had only $64,000 in cash at the end of the first quarter. (Decrypt)
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Link: Australian listed AI company Opyl Limited purchases approximately $210,000 worth of BTC, announces adoption of Bitcoin financial strategy [Copy]
