Goldeneye 1995 LLC, a branch of Fintech Investor and Ripple’s former Chief Risk Officer, Greg Kidd, buys a controlling interest in health monitoring company Ken laboratories with 1,000 bitcoin and some extra money.
American medical aid company Know Labs is developing Non-invasive health assurance tools using radio-microwave spectroscopy to identify and measure molecules inside and outside the body.
The company is developing Knowu, a non-invasive portable and continuous blood glucose monitor with sensor technology that is designed to help people with diabetes manage their condition.
It can be worn as a glue, where the carrier can cut the sensor on and off, or be worn with a belt on your wrist or forearm.
Goldeneye will buy the ordinary shares of the company by adding the value of 1,000 Bitcoin (which is currently being sold with around $ 105,160.57 per coin) and some extra money. To determine how many shares the LLC will receive, that total value of the Bitcoin will be shared by the share price of the company of $ 0.335.
The company plans to maintain the 1,000 Bitcoin as part of its financial reserves or assets, which means that investors can indirectly benefit if the price of Bitcoin increases in value.
When closing the deal, KIDD CEO and chairman of the company’s board becomes.
“I am very happy to use a Bitcoin Treasury strategy with the support of a future-oriented organization such as Know Labs at a time when market and regulatory circumstances are particularly favorable,” Kidd said in a statement.
“We believe that this approach will generate sustainable growth and long -term shareholder value.”
The larger trend
Ken Labs’ stock has currently been traded on the New York Stock Exchange under the Ticker symbol KNW with around $ 0.81 per share. The company went public in 2006 and opened $ 6,600 per share.
Cryptocurrency, including Bitcoin, is Notorous volatile. The decentrailized cryptocurrency reached a record high from $ 111,681.70 at the end of May. A year ago the currency sold for around $ 71,103,14.
Another company that employs a Bitcoin reserve is medical technology and software company Semler Scientific, which produces and brings it to the market that support the early detection and treatment of chronic diseases.
The company, which has long held Bitcoin reserves, announced in February that it bought 871 extra bitcoins for $ 88.5 million, which resulted in its total Bitcoin count at 3,192.
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