A breath of fresh air in the world of virtual currencies! Coinsilium accelerates Bitcoin strategy with fundraising
Virtual currencies seem difficult to understand... I'm sure there are many people who think so, right? But don't worry! Today, we'll explain some interesting developments in the world of virtual currencies in an easy-to-understand way, even for complete beginners.
What kind of company is Coinsilium?
The company that is the topic of discussion this time is Coinsilium Group Limited. It is the first blockchain-related company to go public (IPO) in 2015. Blockchain is the technology behind virtual currency. It is like a system that shares product transaction records with everyone and monitors them to ensure there is no fraud.
Create a Bitcoin wallet?
Coinsilium has raised 125 million pounds (about 2 million yen!) and is about to launch a strategy to create a Bitcoin "wallet." This "wallet" is called a "treasury" in technical terms. It is used to safely manage the assets held by a company.
Specifically, it seems that they will manage and operate Bitcoin through a company called Forza (Gibraltar) Limited, which is wholly owned by Coinsilium. Funding was done by issuing shares at 1 pence (about 3 yen) per share, and it seems that the funding was so popular that it far exceeded the target amount.
Why is a Bitcoin strategy important?
At this point, you may be wondering, "Why would you bother to start a Bitcoin management strategy?" Because holding Bitcoin for a company can create new investment opportunities and diversify company assets.
For example, if a company only holds cash, its assets may be eroded by inflation (when prices rise and the value of money falls). However, if it holds digital assets like Bitcoin, it can be used as a hedge against inflation or as an investment in new technology.
A chance for beginners?
What is noteworthy about Coinsilium's latest move is that it may provide an opportunity for the general public to participate in investment. Although details have not yet been announced, this may open up new opportunities for people who have not previously been involved in virtual currency investment.
Summary: Will virtual currencies become more accessible?
Coinsilium's fundraising and Bitcoin strategy suggest that virtual currencies will become more prevalent in companies and society. Virtual currencies, which have previously seemed difficult and scary, may become more familiar to us in the future.
After seeing this news, I was reminded of the potential of virtual currencies. I would like to continue to pay attention to how companies will utilize virtual currencies from now on.
This article is based on the following original articles and is summarized from the author's perspective:
Coinsilium Raises £1.25M to Launch Bitcoin Treasury
Strategy, Opens Retail Offer