Global Blockchain Technologies Corp. Subscribing For Entire 8.0 Million KodakCoin Initial Coin Offering

Written by SmallCappower.com

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Global Blockchain Technologies Corp. (BLKCF) is starting to make some waves in the emerging Canadian Blockchain space with two strategic investment announcements over the past couple of days.

  • On January 10, 2017, Global Blockchain Technologies announced that it is the lead investor in the KodakCoin Initial Coin Offering (ICO), and has invested $2.0 million by subscribing for all 8.0 million KodakCoins that were available in the pre-ICO Stage.
    • The KodakCoin ICO will open on January 31, 2018, and is a Regulation D 506 (c) private placement open only to accredited investors from the U.S., the U.K., and Canada.
    • The ICO offers photographers a new revenue stream and secure platform that uses Blockchain technology for protecting their work.
    • Shidan Gouran, President of Global Blockchain Technologies Corp., said: “Global Blockchain Technology Corp. is excited to join the KodakCoin ICO as its lead investor. This groundbreaking endeavor addresses a pressing need to manage and monetize digital assets globally. By tapping into a significant marketplace and establishing relationships with top-tier technology partners, KodakCoin allows Global Blockchain the opportunity to join what will become a very large and active community.”
  • …On January 11, 2017, Global Blockchain Technologies announced a strategic investment of $2.0 million in Spectra7 Microsystems Inc., a provider of analog semiconductor products for broadband connectivity markets.
    • Global Blockchain’s investment in Spectra7 was made as part of the latter’s recently completed $15.3 million bought deal financing. GBT received 2,000 senior unsecured convertible debentures with a principal amount of $1,000 each bearing 7.0% annual interest and 2.85 million common share purchase warrants, convertible into one common share of Spectra7 at $0.50 per common share until January 9, 2021.
  • Prior to these two strategic investments, Global Blockchain Technologies invested US$20.0 million in Bitcoin mining equipment in December 2017, purchasing 6,666 Antminer S9s from Bitmain Technologies Limited, a privately-owned multinational semiconductor company headquartered in Beijing. Shares of Global Blockchain Technologies continue to react positively to the fast-paced developments, surging 48% to close at $2.25 on Wednesday.
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    Author: Travis Esquivel

    Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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