Posted 3/25/2024, 8:18:15 PM
Nilam Resources to Acquire 24,800 Bitcoins to Fund New Investments
- Nilam Resources enters letter of intent to acquire 24,800 bitcoins through new entity MindWave
- Plans to issue new Series C preferred stock in exchange for bitcoins at discounted rate
- MindWave is a special purpose entity in Mauritius that will hold 24,800 bitcoins and other assets
- Assets will serve as collateral to raise capital for investments in high-yield projects
- Nilam would acquire 100% of MindWave capital stock through the deal
