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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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An Australian listed company purchased 2 Bitcoins, obtaining a loan of $1.3 million to ease financial pressure.
[Chain News] PANews June 26 news, Australian listed biotechnology company Opyl Limited announced a Bitcoin financial strategy amid tight cash flow, purchasing approximately 2 Bitcoins (worth about $214,500) through a certain Bitcoin ETF. The company obtained a $1.3 million loan provided by non-executive director Tony Guoga (secured by Bitcoin, with an Interest Rate of 6.5%), in an attempt to alleviate the shortage of operating funds.
Data shows that Opyl had only $41,700 in cash left as of the end of March, with a monthly operating expense of $170,000. Tony Guoga emphasized that as governments around the world recognize it, crypto assets are becoming a "validated forward-looking asset class."