DMG Blockchain Solutions Inc. V.DMGI

Alternate Symbol(s): DMGGF

Technology Software - Application

DMG Blockchain Solutions Inc. is a Canada-based vertically integrated blockchain and cryptocurrency company that manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem. Its business lines consist of Core, which includes data center operations, and Core+, which provides software and services. The Company operates its transaction verification services business, commonly known as Bitcoin mining, in Western Canada. The Company owns and operates its data center in Christina Lake, BC. Its regulatory and compliance platforms include Terra Pool, Blockseer Walletscore, Mine Manager and Blockseer Petra. Its crypto safety and security platforms include Blockseer Intelligence, Blockseer Exchange and Blockseer Breeze. Its Blockseer Walletscore platform is focused on anti-money laundering (AML) compliance obligations with a custom DMG application programming interface (API) for crypto exchanges to payment platforms to interconnect and utilize this platform.

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DMG Blockchain Solutions Inc. > Will this keep dipping or is entry at 0.25 good?

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Comment by TheeRookon Nov 25, 2020 7:49pm

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Post# 31975568

RE:Will this keep dipping or is entry at 0.25 good?

No idea on the SP. But Coming soon another big buyer of BitCoin

THE BITCOIN FUND ANNOUNCES SUCCESSFUL OFFERING

The Bitcoin Fund has had a successful treasury offering of 2,222,300 Class A units. Gross proceeds of the offering are expected to be US$50,001,750.

The offering is expected to close on or about Nov. 30, 2020, and is subject to certain closing conditions, including approval by the Toronto Stock Exchange. The Class A units were offered at a price of $22.50 (U.S.) per Class A unit. The Class A unit offering price was determined so as to be non-dilutive to the most recently calculated net asset value per Class A unit on Nov. 24, 2020.

The fund seeks to provide unitholders of the fund with: (a) exposure to the digital currency bitcoin and the daily price movements of the U.S.-dollar price of bitcoin; and (b) the opportunity for long-term capital appreciation.

To achieve its investment objectives, the fund invests in long-term holdings of bitcoin, purchased from reputable bitcoin trading platforms and over-the-counter (OTC) counterparties, in order to provide investors with a convenient, safer alternative to a direct investment in bitcoin.