PANews reported on July 16 that Swedish digital commerce company Refine Group announced the establishment of a digital asset business and implemented a Bitcoin reserve strategy to include Bitcoin inPANews reported on July 16 that Swedish digital commerce company Refine Group announced the establishment of a digital asset business and implemented a Bitcoin reserve strategy to include Bitcoin in
Swedish digital commerce company Refine Group establishes digital asset business and implements Bitcoin reserve strategy
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PANews reported on July 16 that Swedish digital commerce company Refine Group announced the establishment of a digital asset business and implemented a Bitcoin reserve strategy to include Bitcoin in its balance sheet. To support its initial investment and strengthen its financial position, the company raised 10 million Swedish kronor through a private placement, which diluted its equity by about 45%. The largest investor, João Caldas, became a new shareholder and plans to nominate him as a member of the board of directors. The CEO said that Bitcoin's scarcity and liquidity will help the company innovate and collaborate.
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