ABC Expands Trading Presence on Aquis Growth Market
Africa Bitcoin Corporation Ltd (ABC) is expanding its international trading presence by listing on the Aquis Growth Market in the UK. Starting August 17, ABC's ordinary shares will be tradable on this market, adding to its existing listings on the Namibia Securities Exchange (NSX), Johannesburg Stock Exchange (JSE), A2X, OTCQB market in the US, and Frankfurt Stock Exchange.
The company has also raised £250,000 through a private placement of new shares at 23 pence per share. This funding will be used for general working capital requirements. ABC's Bitcoin Treasury Strategy aims to strengthen its balance sheet and protect against currency depreciation and inflation pressures by holding onto its 5.5331 Bitcoins acquired at an average price of approximately £68,901 each.
ABC provides financial solutions to SMEs through non-bank debt financing, insurance products, and customized services. Its Bitcoin holdings will not be sold to fund routine lending or daily operations but instead support lending activities as an additional treasury asset.