Blockchain
Bluesky Digital Assets Corp., Raises $2,183,000.00 CDN via the Completion of its Oversubscribed Private Placement, Engages North Equities, Grants Stock Options, Announces an Exercise of Stock Options
Toronto, Ontario–(Newsfile Corp. – January 18, 2021) – Bluesky Digital Assets Corp. (CSE: BTC) (CSE: BTC.PR.A) (OTC Pink: BTCWF) (“Bluesky” or the “Corporation”) announced today that it had closed the second and final tranche of its previously announced private placement raise. In total, and combined between the two tranches, the Corporation raised a grand total of $2,183,000.00 CDN via the sale of 4,366,000 Units. As previously stated in the Corporation’s January 5th, 2021 press release, each Unit consisted of one Common Share in the capital of the Corporation and one Common Share Purchase Warrant (“Warrant”), with each Warrant entitling the holder thereof the ability to purchase one additional Common Share of the Corporation at an exercise price of $1.00 CDN per Common Share for a period of 36 months from the closing of the financing. The Warrants will be subjected to an accelerated expiry date if certain market conditions occur which were outlined in the Corporation’s subscription document. All Common Shares issued in connection with the placement will be subject to a four month plus one day hold period under applicable Canadian securities laws.
$46,560.00 CDN in finder’s fees and commissions was payable on a total of $582,000.00 CDN of the Gross Proceeds raised. Furthermore, an additional 93,120 Broker Warrants were issued as payment on the same terms and conditions as the Warrants contained the Units that were offered for sale in the Corporation’s now completed and closed private placement raise. The Broker Warrants and the finder’s fees were payable to Canaccord Genuity, EMD Financial Inc., Hampton Securities Ltd., Leede Jones Gable, Mackie Research Capital Corporation, and PI Financial Corp.
The Corporation is pleased to announce that it has entered into a 6 month marketing and consulting contract with North Equities Corp., (“North Equities”) of Toronto. North Equities has been assigned the task of increasing the Corporation’s network of contacts in the investment community, increasing the awareness of the Corporation to potential new investor leads and expanding the Corporation’s current social media presence. As compensation, the Corporation has issued North Equities 119,048 Common Shares with a 7-day VWAP implied value of $0.84 CDN per Common Share. All Common Shares issued to North Equities have been place under a 6 month hold period.
Due to the Corporation’s private placement offering being oversubscribed, the Corporation has also issued a combined total of 1,600,000 Stock Options to consultants and Directors of the Corporation. The Options will vest immediately and are exercisable at a price of $0.60 CDN per Option. The Options will expire three years from the date of issuance. On December 29, 2020, the Corporation applied for, and received, a price protection of $0.50 CDN for the issuance of Units and Stock Options from the Canadian Securities Exchange up until February 12, 2021. The Stock Options grant was contingent on the Corporation successfully oversubscribing its Private Placement offering by a minimum of $250,000.00 CDN. On December 29, 2020 the closing price of the Corporation’s Common Shares was $0.49 CDN and the Options were set at $0.60 CDN. The Corporation also announced today that Consultants and a Director of the Corporation had exercised a combined 912,500 Stock Options. In total, $136,875.00 CDN in proceeds was raised via the exercise of the Stock Options.
The Corporation intends to immediately utilize the $2,273,315.00 CDN in net proceeds from the closing of the private placement and the exercise of the stock options to purchase and deploy additional mining hardware to expand on its current crypto mining efforts and to further advance its R&D and software product initiatives for areas like (“Decentralized Finance” or “DeFi”), Stablecoin, and (“Artificial Intelligence” or “AI”) based efforts. The Corporation is expanding its commitment in these areas of focus to better complement the Corporation’s overall business with a diversified portfolio of solutions and offerings in addition to its primary enterprise class active crypto mining deployments.
About Bluesky Digital Assets Corp.
Bluesky Digital Assets Corp, is building a high value digital currency enterprise. Bluesky mines digital currencies, such as Bitcoin and Ether, and is developing value-added technology services for the digital currency market, such as digital mining proprietary software. Offering a complete ecosystem of value-creation, Bluesky is targeting reinvesting appropriate portions of its digital currency mining profits back into its operations. A percentage of the profit will be invested in the development of a proprietary Artificial Intelligence (“AI”) based technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging digital currency industry. The Corporation is poised to capture value in successive phases as this industry continues to scale. For more information please visit www.blueskydigitalassets.com
For further information please contact:
Mr. Ben Gelfand
CEO & Director
Bluesky Digital Assets Corp.
T: (416) 363-3833
E: [email protected]
Mr. Frank Kordy
Secretary & Director
Bluesky Digital Assets Corp.
T: (647) 466-4037
E: [email protected]
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72290
We live interesting times:
- Where block chain technology tries to overtake real fiat economy;
- Where banks diversify their portfolio including cryptocurrencies and tokens;
- Where average people like you and me are starting to invest their hard-earned cash into crypto to save their money from inflation and a much-expected dream to get rich or at least earn more from crypto than simple bank deposits have to offer on short or long term.
However, what about BITCOIN? Why do some people, including myself think that although Bitcoin has an enormous price and popularity, and most of the time is regarded as digital gold, it could be basically worthless?
Yes, worthless!
At this point you will think: “this guy is crazy…! Bitcoin has the biggest market cap, it is the father of block chain technology, it is the best of the best of the best…and on top of that …IT IS THE FIRST OF IT`S KIND!”
Yes, everybody wants to own Bitcoin, and most of the time, anybody can buy a fraction of it, it does not matter how much….you or me or anybody can buy it. Therefore, we do. Big companies, investment funds, banks, countries and so on, do it as well.
And here lies the core of the Bitcoin`s problem.
There are altogether 21 million Bitcoin, 95% of which is already in circulation. No problems there. Many people hold different amounts of bitcoins, on exchanges, in private wallets, you name it and no problem there either.
Then why do I think Bitcoin will be worthless?
Well let me detail it to you.
Bitcoin price is dependent of demand and supply, which is the basic economic tendency for the last few hundred years, which is fine, the problem will be you and me.
Surprised?
Don`t be.
Why?
Let`s see why!
Since big companies are staking Bitcoin like there will be no tomorrow, hence driving the price even higher than it is today, less and less coins will be available for You and me.
You`ll probably say at this point….”Ahhh….c`mon….there is plenty out there, people always sell and buy, there is no way this will happen…”
When institutions are buying into something, they want monopoly on that asset to control supply, hence control price actions and profit from it, that is a normal thing, and everybody who is sane and has a little financial education, would do the same.
Now imagine, coin by coin, fraction by fraction, all the 21 million bitcoins ends up in institutions, in different forms, coins, ETF`s, securities or other financial assets, which are sold to the general public, of course with the promise of a good yearly return.
You`d still say at this point….”…This is a worthless article, this guy is crazy…”
Well I`d say, you are probably right, but since I wouldn’t buy Bitcoin at 500k USD, or 1 mil USD, so does other few million or maybe billion people on this planet, and because of crypto volatility I wouldn`t buy ETF`s or other financial products that have crypto in their package….well you`ll get the idea.
Now imagine all the owners holding altogether 21 million Bitcoins, which no one wants…well, you do the math how fast will the price of bitcoin crash and what will be the consequence of that crash, if not even the institutions that hold crypto will want to buy it from each other for the market price.
Reigniting Bitcoin interest will have to be done (and I presume that was exactly Satoshi`s purpose for creating bitcoin, start from 0 reach max value, reset, then start again), but usually anyone sane who get burned from the stove will not touch it again, so times will be hard on bitcoin.
At this point, You`ll say….”…Hmm…well…ahhh…maybe…. can this happen anytime soon? Or can it happen at all?”
The crypto world is dependent of you and me. Period! Without us, there is no crypto market.
Well dynasties, civilizations had fallen in time because of one thing and one thing only…..greed….
At this point…hmm. Is it even possible?
It is possible, because holding something that you cannot benefit of, and I mean you only benefit from Bitcoin if you sell it for cash, is “pure madness”.
Therefore, even if the crypto hype has kicked in, and everybody suddenly has become an “investor”, without a proper financial education, being inert to the risks taken by wondering in the forest of the crypto world, nothing is impossible at this point. In addition, at one given time, everyone will sell their fraction of bitcoin, which guess what; institutions will have the money to buy, regardless of the current market price…
Briefly, Bitcoin has no real world use, it is where it is, because it is the first of its kind, people still have the FOMO feeling towards it, but when this feeling is met with reason because it’s astronomic price, you and me will not be interested anymore… and the roller-coaster starts.
Well enjoy the ride…
This is not a financial advice; it`s based on many hours wondering in the crypto news labyrinth and reading other predictions, opinions and cautious messages, and is the opinion of the author. Crypto market is very volatile; therefore take cautious actions if you want to invest in it. Before investing, make your own research or seek financial advice.
The post When Bitcoin will be worthless! appeared first on News, Events, Advertising Options.
Fincover
Switzerland is set to host the highly anticipated Swiss WEB3FEST Winter Edition 2025, an unparalleled event series on innovation, investments and collaboration within the WEB3 ecosystem. Organized by Inacta Ventures, the event will unfold across iconic Swiss locations: Zug, Zurich, St. Moritz, and Davos, from January 13 to January 24, 2025.
Proudly titled in partnership with BitcoinOS, this event series promises to unite global leaders, investors, startups, and enthusiasts under one mission: unlocking the transformative potential of WEB3 technologies. Bitcoin is evolving beyond digital gold to become the foundation of a new economy. Innovations like those from BitcoinOS enable fast transactions, smart contracts, and decentralized applications, positioning Bitcoin as a key driver of the WEB3 revolution.
What is the WEB3FEST?
WEB3FEST is a global conference series focused on technology and innovation in AI, Blockchain and Sustainability. It serves as a vibrant hub where companies across the value chain – from agile startups to international corporations – converge to share ideas, build networks, and shape the future of the industry.
The Swiss WEB3FEST Winter Edition is taking place across Zug, Zurich, St. Moritz, and Davos during the World Economic Forum. It is designed to explore specific topics each day, connect the thriving Crypto Valley and Crypto Oasis ecosystems, and bridge diverse regions through meaningful collaboration. Attendees will have the opportunity to engage with thought leaders, pioneers, and visionaries in the blockchain space, fostering an environment of innovation and networking. Now in its 5th edition and the 2nd Winter Edition, WEB3FEST continues to be an important cornerstone for those looking to connect with global stakeholders, investors, and innovators in the world of Web3.
At the heart of this transformative event is BitcoinOS, whose groundbreaking advancements in Bitcoin technology redefine possibilities in Blockchain. Participating organizations such as aeternity Foundation, The Hashgraph Association, DFINITY Foundation / Internet Computer, Solana Foundation, Ledger, and Multibank.io add to the event’s relevance, reflecting its global influence and comprehensive approach to WEB3 innovation.
The investor events are co-created with Ordway Selections, a private investment office from Switzerland, to connect the participating early-stage investors, VCs and private equity institutions with outstanding investment opportunities.
Event Highlights
January 13, 2025
Kick-Off Night – Launch Swiss WEB3FEST with a dynamic networking evening at SHED Zug.
January 14, 2025
The Green Block Talks – Explore sustainability in AI and WEB3 at Trust Square, Zurich.
January 15, 2025
Crypto Valley Afterwork – Engage with innovators over cocktails at SHED Zug.
BitcoinOS Investor Dinner – Discover BitcoinOS’s vision and connect with top blockchain investors at SHED Zug.
January 16, 2025
Crypto Valley Afterwork – Enjoy informal networking at Pavarotti Wine Bar, St. Moritz.
January 17, 2025
WEB3 Talks – Gain insights from thought leaders at the Kempinski Hotel, St. Moritz.
WEB3 Investor Dinner – Celebrate Crypto Valley with an exclusive show & dining experience at Billionaires Restaurant, St. Moritz.
January 18, 2025
WEB3 Investor Circle – Network in the serene mountain setting of El Paradiso, St. Moritz.
January 21, 2025
WEB3 Investor Circle – Connect with investors during a private dinner in Davos.
January 22, 2025
WEB3 Talks – Dive into blockchain insights and future trends at the House of Trust, Davos.
OnlyFriends Party – Connect with WEB3 leaders in a lively, exclusive setting also at the House of Trust.
January 24, 2025
Shark Island – Witness groundbreaking startup pitches in a live treasure hunt at SHED Zug.
Recap Night – Reflect on the festival’s highlights during the concluding night at SHED Zug.
Powered by BitcoinOS
As the title partner, BitcoinOS is revolutionizing Bitcoin by bringing fast, secure transactions, smart contracts, and modern applications to the world’s most trusted blockchain. Their pioneering work includes the first verification of a zK proof on Bitcoin and numerous high-profile integrations with platforms like Cardano, Merlin, and BSquared. BitcoinOS’s innovations position it as a cornerstone of the WEB3 revolution and a driving force behind the success of WEB3FEST.
BitcoinOS’s vision aligns perfectly with WEB3FEST’s goal of fostering innovation and creating impactful connections across the blockchain ecosystem. By showcasing Bitcoin’s expanded capabilities, BitcoinOS emphasizes its role in shaping the next chapter of WEB3 development.
The post Swiss WEB3FEST Winter Edition 2025 appeared first on News, Events, Advertising Options.
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