BnkToTheFuture Offering Shares in Coinsilium In Anticipation for IPO

by Leon Pick
  • BnkToTheFuture reports that it is offering shares of Coinsilium, which are planned for launch on LSE's AIM in August.
BnkToTheFuture Offering Shares in Coinsilium In Anticipation for IPO
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Crypto-focused crowdfunding platform BnkToTheFuture reports that it is offering shares of Coinsilium Group, which are planned for launch on the London Stock Exchange's Alternative Investment Market (AIM) in August.

Coinsilium reportedly invests in, incubates and advises Bitcoin and Blockchain -related startups. According to a press release, it currently works with 11 industry startups.

Through its planned IPO on AIM, it is looking to raise another £3 million ($4.6 million), which would double the reported investment received to date. It would become the first Bitcoin industry company to be publicly traded in the UK.

BnkToTheFuture stated in an e-mailed update to members that it has secured a block of pre-IPO shares and will allow qualified investors to get a head start before shares are offered on AIM in August.

The campaign has thus far raised $173,157 out of a sought $773,730, or 22% of its goal, with 2 days remaining. A 3.4% equity in the startup is offered, implying a $22.8 million valuation.

BnkToTheFuture CEO Simon Dixon clarified to Finance Magnates that his company will be buying the shares after they launch publicly, after which they'll be allocated to investors in the current campaign.

Separately, BnkToTheFuture also announced the launch of a new product called StartCOIN, which it says "pays investors daily dividends...that can be used to build your portfolio." On its pitch page, it is referred to as a "Mining Backed Security", whose "rate of dividend depends on the profitability of the mining process."

Crypto-focused crowdfunding platform BnkToTheFuture reports that it is offering shares of Coinsilium Group, which are planned for launch on the London Stock Exchange's Alternative Investment Market (AIM) in August.

Coinsilium reportedly invests in, incubates and advises Bitcoin and Blockchain -related startups. According to a press release, it currently works with 11 industry startups.

Through its planned IPO on AIM, it is looking to raise another £3 million ($4.6 million), which would double the reported investment received to date. It would become the first Bitcoin industry company to be publicly traded in the UK.

BnkToTheFuture stated in an e-mailed update to members that it has secured a block of pre-IPO shares and will allow qualified investors to get a head start before shares are offered on AIM in August.

The campaign has thus far raised $173,157 out of a sought $773,730, or 22% of its goal, with 2 days remaining. A 3.4% equity in the startup is offered, implying a $22.8 million valuation.

BnkToTheFuture CEO Simon Dixon clarified to Finance Magnates that his company will be buying the shares after they launch publicly, after which they'll be allocated to investors in the current campaign.

Separately, BnkToTheFuture also announced the launch of a new product called StartCOIN, which it says "pays investors daily dividends...that can be used to build your portfolio." On its pitch page, it is referred to as a "Mining Backed Security", whose "rate of dividend depends on the profitability of the mining process."

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