Bitmax to Expand Bitcoin Investment... Plans to Increase Bond and Stock Issuance Limits
KOSDAQ-listed company Bitmax announced on June 5 that it will convene an extraordinary general meeting of shareholders to propose an agenda to increase the limits on bond and stock issuance.
This agenda is a measure to secure investment resources for additional Bitcoin purchases and to strengthen the company's mid- to long-term growth strategy based on digital assets.
The company plans to increase the bond issuance limit from 200 billion won to 1 trillion won, and the total number of shares authorized for issuance from 100 million to 500 million shares, respectively.
Since its first Bitcoin purchase on March 10, Bitmax has continued aggressive buying. As of June 2, the company held a total of 230.26 Bitcoins, the largest amount among listed companies in Korea.
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A company representative explained, "We do not view Bitcoin merely as an investment vehicle, but as a strategic asset to support future growth, which is why we are continuously increasing our holdings," adding, "This agenda for the shareholders' meeting is intended to lay the foundation for maximizing corporate value."
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