Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (MATIC)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

Gold mining company Nilam Resources is set to purchase 24,800 BTC

Bitcoin: Gold mining company Nilam Resources is set to purchase 24,800 BTC

South American gold mining company Nilam Resources has revealed plans to acquire 24,800 BTC, worth more than $1.7 billion at the current cryptocurrency market exchange rate.

The company has signed a preliminary agreement with Xyberdata LTD. Under it, Nilam Resources will issue Series C preferred shares in exchange for 24,800 BTC at a price below the current market price.

In addition, the company will acquire Mindwave, a company responsible for storing digital currencies. The announcement states that the company will operate as a subsidiary of Nilam Resources and will focus on protecting various #digital assets along with bitcoin.

According to the official statement, the first digital currency fundraising will be used to provide funding for "profitable ventures".

Pranjali Mo, CEO of Nilam Resources, said:

"Our company and team have worked hard over the past few months to finalize all agreements and necessary assessments to move to a legally binding preliminary agreement."

The crypto sector community had mixed reactions to the company's announcement. Observers noted that Nilam Resources has a market capitalization of only $4 million. The possibility of such a company acquiring bitcoin worth 1.7 billion USD is questionable.

In addition, the community noted inconsistencies between the preliminary agreement and the actual purchase of digital assets. According to some users, there has been speculation that this widely circulated news is part of an alleged #pump-and-dump strategy to artificially inflate the company's share price.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Press Releases: APU Apustaja: Official Sponsor of Matchroom Boxing Matias vs Paro
The management of the Apu Apustaja crypto token has announced that it will be sponsoring the Matchroom Boxing fight card between Subriel Matias and Liam Paro broadcast live on DAZN..
Press Releases: Holdstation Receives 7-Figure Investment to Enhance AI Wallet Technology
SNZ Capital, Summer Ventures, and EVG Ventures have invested a 7-figure investment in Holdstation’s Phase 2, marking a major milestone in the development of its smart AI wallets.
Press Releases: RunesTerminal Announced as Upcoming IDO on CV Pad
RunesTerminal, the first true infrastructure provider for the Bitcoin Runes ecosystem, has announced its Initial DEX Offering (IDO) on CV Pad. The IDO will feature a total allocation..
Press Releases: Gate.io Announces Lead Asia Demo Day to Empower Innovative Blockchain Projects
Gate.io, the world's leading crypto exchange, is excited to announce the Lead Asia Demo Day in Seoul, a strategic initiative aimed at propelling the future of blockchain technology..
Make crypto bots for trading