KR1 Plc (LON:KR1) has raised a total of £785,000 through a share placing to allow it to boost its investments in the bitcoin token community. KR1 CEO George McDonaugh tells Proactive London how although crypto currencies are new and as yet lag behind cash in trust terms, they’re the undeniable way forward.
The bitcoin and bitcoin investor said the placing of 15,700,000 ordinary shares was undertaken at a price of 5p per share by Peterhouse Capital. McDonaugh explains too where the money will be deployed.