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Sixty Six Capital (CSE: SIX) has announced a significant expansion of its Bitcoin holdings through the purchase of 114,000 units of BTCC.B Bitcoin ETF. This acquisition, valued at $2,577,850, represents the equivalent of 16.02 Bitcoin (BTC). With this addition, the company's total Bitcoin-equivalent holdings have reached 148.8 BTC. The company plans to convert these ETF holdings into direct Bitcoin holdings in the near future.
Sixty Six Capital (CSE: SIX) has successfully completed a non-brokered private placement, raising CAD$3.44 million (USD$2.51 million) through the issuance of 24.58 million common shares at CAD$0.14 per share.
The proceeds will be used for purchasing BTC and general corporate purposes. The offering included participation from company insiders, with Mr. David Rowe now controlling 42.82% and Mr. Robert Keith holding 34.55% of outstanding shares post-offering. A share loan arrangement was established where certain subscribers received 19.59 million unrestricted common shares as a loan from Mr. Rowe, secured by an equal number of newly issued shares.
All securities issued are subject to a four-month hold period plus one day.Sixty Six Capital (CSE: SIX) has expanded its Bitcoin portfolio through the purchase of 43,500 units of BTCC.B Bitcoin ETF, equivalent to 6.1 BTC, for a total investment of $1,012,245. This acquisition brings the company's total Bitcoin equivalent holdings to 132.8 BTC. The company plans to convert these ETF holdings into direct Bitcoin holdings in the near future.
Sixty Six Capital (CSE: SIX) has announced the purchase of additional Bitcoin exposure through 96,000 units of BTCC.B Bitcoin ETF, equivalent to 13.5 bitcoin (BTC). The transaction value totaled $1,986,728.00. Following this acquisition, the company's total Bitcoin equivalent holdings have reached 126.8 BTC. The company plans to convert these ETF holdings into direct Bitcoin holdings.
Sixty Six Capital (CSE: SIX) has announced the purchase of 18.2 bitcoin (BTC) for CAD$2,634,450. The company currently holds the equivalent of 113 BTC through the Canadian ETF BTCC.B, which it plans to convert to direct bitcoin holdings.
Additionally, Sixty Six Capital plans to conduct a non-brokered private placement of up to 24,510,714 common shares at CAD$0.14 per share, aiming to raise up to USD$2.5 million. The proceeds will be used for BTC purchases and working capital purposes. The shares will be subject to a four-month hold period, and no finder's fee is expected.
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