Coinsilium, a listed pioneer in blockchain and cryptocurrency finance, has won a £330,000 follow-on investment from IOV Labs, as the two companies expand their joint venture globally. The Gibraltar blockchain fintech firm subscribed for 11,000,000 shares at 3p, a 20% premium to the current stock price. The deal means IOV Labs will more than double its stake in Coinsilium from 6.9% to 13.9%. With the crypto space enjoying a global resurgence, the timing of this investment could prove to be extremely lucrative.
Read full article here.