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Coinsilium boosts balance sheet with Forza Bitcoin, eyes $YELLOW token launch - Proactive Investors

Coinsilium Group Limited (AQSE:COIN, OTCQB:CINGF) CEO Eddy Travia and CFO Ben Proffitt talked with Proactive's Stephen Gunnion about the company’s interim results, treasury strategy and future outlook.

Proffitt outlined the financial transformation driven by the launch of Forza Bitcoin, which raised approximately £17 million over the summer. Around 182 Bitcoin have now been added to the company’s treasury, leading to a significant rise in digital assets on the balance sheet. “Our Bitcoin value on the balance sheet moved from around £0.5 million to £6 million,” Proffitt stated, with cash reserves also increasing from £400,000 to £3.5 million.

Watch the full interview here. 

BP ET PI