Vinanz Ltd has moved from the Aquis Stock Exchange to the Main Market. Bitcoin’s strong performance in the past year means that this is a good time to make the move and raise cash to invest in growing the business.
Vinanz raised £750,000 at 3p/share when it joined Aquis in April 2023. Following the switch from Aquis, the share price opened at 16.5p and rose to 22.5p before falling back to 16.5p at the end of the week.
The plan is to retain Bitcoin. That is all very well if the price continues to rise, but it does expose Vinanz to the risk of a decline in the Bitcoin price.
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