The Australian Securities Exchange (ASX) announced that tomorrow Bitcoin will be used to buy a stake in a company listed on its exchange. Blockchain Global Limited (BGL) has agreed to purchase a 40% interest in Digital, a Blockchain enhanced software solutions company, paying partly in bitcoins.
BGL, an Australian incorporated company, operating in the Bitcoin and blockchain international space, invests approx $4.35M at 2.7 cents per share to acquire and interest in approximately 40% of Digitalx on a fully diluted basis.
DigitalX has received AUD$300,000 by way of a convertible loan in bitcoin.
Blockchain Global Limited is one of the big players in the blockchain/cryptocurrency game, offering BTC mining software, infrastructure, and consultancy services worldwide.
Since the day it has been founded, BGL has established many successful companies via commercializing blockchain technology projects. Also more recently BGL has enjoyed success supporting crows-sourced Blockchain token sales and Initial Coin Offerings.
In case you’ve never heard of BGL, they own ACX.io, which is Australia’s biggest Bitcoin buying/selling platform and they control 60% of the Bitcoin trade in the country.
Leigh Travers, CEO of DigitalX commented “DigitalX welcomes BGL as an investor in the company, and appreciates the confidence it has shown in DigitalX’s growth and understanding within the Blockchain ecosystem. Having just returned from Consensus, the biggest Blockchain conference in the world, the growing support for Blockchain, digital currency and decentralized organizations is unquestionable. With a stronger balance sheet and additional Blockchain expertise, I am confident that we can deliver value for all shareholders going forward.”