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I got the same response, they probably caught hell for releasing the 3/1 date to the public. Doesn't mean it's still not a go but it looks like they released a lot of information in the original PR that shouldn't have been made public. They are under a microscope I'm sure on what they say here on out.
Got a email back today seems like something is still taking place behind the scenes and as soon as a material event has been made they will release information to the public. They also referenced the updated pr stating no dates so maybe the previous dates do not adhere to the agreement anymore
For sure I was kind of thinking the same thing, will be adding to my position today
That’s a great question. It almost looks like the price is trying to find an open, almost like when a stock IPOs, it moves around until the first buy or sell. But it shows $ volume already which is interesting. Looking at this no tokens will actually start to circulate until Friday.
This is going to get wild around here in the next 24-48 hours imo. With the BCII/BXA merger date and initial coin trading all slated for March 1st we should be hearing a lot possibly starting today.
https://drive.google.com/file/d/1c9g6aA0HDmB9WNaE6ZC5uIcCs84BBhMe/view
https://medium.com/@ico_12953/bxa-token-listing-schedule-c243b04ddd74
Thank you sir, I noticed it said they are down 14% what would make that occur
Thank you for the clarification. Much appreciated.
I will be holding my breath and my "closely held shares" till news is announced.
They are priced but none of the tokens are unlocked to trade yet. See these two links:
https://medium.com/@ico_12953/bxa-token-listing-schedule-c243b04ddd74
https://www.coingecko.com/en/coins/blockchain-exchange-alliance?utm_content=blockchain-exchange-alliance&utm_medium=search_coin&utm_source=coingecko
Not sure I understand. It sounds like they may have been available starting 2/1/19 with some restrictions.
Maybe you can decode the links...
https://www.bxa.com/
https://bit.ly/2DR5M2l
Also saw this:
Blockchain Exchange Alliance (BXA)
Blockchain Exchange Alliance (BXA) is a cryptocurrency token issued on the Ethereum platform. Blockchain Exchange Alliance (BXA) price for today is $0.28 with a 24-hour trading volume of $11,292,418. Price is down -12% in the last 24 hours. It has a circulating supply of 0 coins and a max supply of 20 Billion coins. The most active exchange that is trading Blockchain Exchange Alliance is Lbank. Explore the address and transactions of Blockchain Exchange Alliance on block explorers such as etherscan.io. Additional information about Blockchain Exchange Alliance coin can be found at https://www.bxa.com.
What are common shares outstanding?
Outstanding shares refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.
What is Floating Stock?
Floating stock is the number of shares available for trading of a particular stock. Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm’s total outstanding shares. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that cannot be traded because of a temporary restriction such as the lock-up period after an initial public offering.
Are the tokens trading yet or awaiting ipo?
Excuse my ignorance but for clarification if I own restricted stock then I’m not part of the float but what your would consider an “insider?”
Is that correct?
If so I wonder how restricted shares will be structured in this deal when it goes through? I/we probably wont’t know until the details of the deal come out in the PR.
Any thoughts?
BXA tokens as you mentioned before would be a nice bonus!
GLTA
The most this has traded in one day the past year is like 9,500 shares, average volume under 500 shares a day. With insiders owning most likely 99% of the shares BCII shareholders should own a nice portion of the merged company. Looking forward to it.
This float is stupid low lol
Blockchain Exchange Alliance: Plans to move into the retail payments market
By FinTech Innovator- February 27, 2019
Blockchain Exchange Alliance: Plans to move into the retail payments market through partnerships and acquisitions
-Alliance operate from a single order book and liquidity pool that reduce prices and the tighten bid-ask spreads
-Reckons also reduce price disparity, enabling it to supply multiple geographies with digital currency services
-The platform allows exchange users to make online purchases using crypto-to-fiat conversion via the BXA token
-BXA created technology so cryptocurrencies can be used to pay for goods and services online
-Enables users to make e-commerce purchases with cryptocurrencies in the same timeframe
Looks like both you guys added about 200 shares each. Knocked out the $3.99. Someone steps in and takes the first 750-1,000 shares tomorrow this will be over $5.00
I took a small position earlier
I think your timing couldn't have been better..
Took my starter let's see where this goes
Bunch of eyes on sidelines waiting for news or filings. Guarantee the $3, $4 and $5s won’t be there when they all go to add lol. $10x$12, $12x$15 open when merger is announced shortly imo.
Well when you put it like that l, certainly gets the wheels spinning
$6 billion baby...
20 billion BXA tokens (soon to be) trading at $0.30 USD = $6 billion in coin valuation alone.
https://www.coingecko.com/en/coins/blockchain-exchange-alliance?utm_content=blockchain-exchange-alliance&utm_medium=search_coin&utm_source=coingecko
$3.16 x 42 million BCII OS = $132 million market cap
BCII PPS with a $6 billion valuation and the following SS:
42 million (current) OS = $142 per share
150 million OS = $40 per share
250 miliion OS = $24 per share
400 million (maxed out BCII to AS) OS = $15 per share
Someone do the math lol! Tick tock tick tock, very soon this rocks..
How excited? Knowing that one of the world's largest and only publicly traded crypto-currency exchange is possibly coming public through this ticker I am very excited. BXA will be valued in the billions, comparable to other private exchange valuations. At $4 it's sitting at a $160 million market cap.
$4 x 40 million OS = $160 million
Even if they maxed the OS to 400 million (highly unlikely as they want a very high PPS imo to uplist to NYSE/Nasdaq) the market cap is only $1.6 billion. That would still mean to value it correctly it would have $12.50 PPS worse case.
Major mover coming imo.
1-10 no bs, how excited are you lol
Listing of the tokens ahead of schedule, right around the 1st of March, same timing as the RM LOI to be completed. 5% of the tokens unlock March 1st. Coincidence? I doubt it. Should be an interesting next few days here.
https://medium.com/@ico_12953/bxa-token-listing-schedule-c243b04ddd74
$10.5 million in token trading volume already, crazy. I wonder if BCII/BXA merger includes tokens for shareholders? Look at the chart. Hmmm
https://m.bxa.com/token
Looks like BXAs tokens just priced within the last 24 hours, great sign..
https://www.coingecko.com/en/coins/blockchain-exchange-alliance
Probably all in the approach
If you noticed BXA and Bithumb were contacted by a few publishers of some articles and didn’t comment or return calls to them so you’re not alone. This is big and no one is talking until they are ready.
February 7th date in the filing came and went with no hiccups it seems and as of last week they were working basically 24/7 to complete the merger so to me, now over 35 days since the PR and a on or before March 1 merger date in the LOI per the filing means its close. BXA doesn’t seem like the type of management team that is not going to hit deadlines or not get things done. They seem very sharp.
Should see/hear soon imo.
Yeah I looked them all up and emailed the company days ago just never received a reply. I emailed all companys involved and it fell on deaf ears
I’ve been in touch with the companies Integrity Compliance Officer and Lisa Moynihan as recently as last week. Obviously they couldn’t tell me much per SEC and legal ramifications but I was told they are all working round the clock, very long weeks and days to get the merger completed.
This isn’t a merger with some startup or a company with no revenues. BXA will be valued in the billions, just google Blockchain Exchange Alliance or Bithumb Merger to see where this is heading.
Monstrous imo.
I was thinking that as well but otc markets has them listed as dark or defunct and stop sign. I have seen companys do this before and just never announce the termination.
Definitely is. According to LOI it would be on or before March 1st. 3 more sessions. Something would have been announced if it had fallen through imo.
Hmm I wonder if the merger is taking ace still here ?
Well..
$20 billion/42 million OS = $475 price per share
I heard 20 billion but thats crypto so its worth like $35pps imho
Biggest Blockchain Companies by Valuation in 2019
Bitmain ($14 billion)
Coinbase ($8 billion)
Robinhood ($5.6 billion)
Ripple ($5 billion)
Kraken ($4 billion)
Block.One (4 billion)
Circle ($2.9 billion)
Binance ($2 billion+)
How to Invest in the Biggest Blockchain Companies
Currently, none of the above-listed blockchain unicorns are publicly-traded entities, which means you cannot simply buy shares in these companies on a stock exchange like you would for Apple, IBM, or Microsoft.
----------------------------------------------
Well guess who is about to become the first and only blockchain unicorn to be publicly traded, BXA. Currently at about $160 million market cap while BXA owns 51% of Bithumb which would put BXA about in the middle to top of those valuations above.
$5 billion / 42 million OS = $119 PPS...
Counting down the days/hours here, liftoff coming very soon imo.
Under the terms of the LOI, the goal is to complete the merger on or before March 1, 2019.
BCII is the symbol. BXA exchange is the new name . Maybe they will change the symbol to like bxa on the nyse . Or maybe just BIT because Bithumb is worth like 20 billion in cryto.
1,550 in volume, all buys. Should see a continued move up. News/filings could come any day before Friday. Anything under $5 is a steal, under $10 is a gift at this point imo. They announce the merger we could see $12 x $15 for starters. Should be a great week ahead. I love the fact that they are reverse merging this, all the big investment firms can’t cash out backing it like a normal IPO. They will want a piece of this, they will have to buy in on the open market. That equals big $$.
Look in the Ibox. All the information added.
If you want to own the only publicly traded Crypto Exchange company then yes BCII is the ticker. Finalization and terms of the deal should be out this week. Great read here.
Why an $8 Billion Coinbase Valuation Indicates Cryptocurrencies are Undervalued and Oversold
Steven Lubka Dec 16, 2018
The 2018 cryptocurrency market has rattled many of even the firmest proponents of digital assets. While we have seen the market for digital assets shed over 80 percent of its value, certain cryptocurrency companies have seen their valuation increase.
Can the valuations being placed on companies like Coinbase, Binance, and Kraken by savvy investors tell us something that the prices of digital assets can’t?
Yes, and here is why.
Despite all odds, it has been a good year for cryptocurrency exchanges. Coinbase was recently valued at $8 billion dollars in a recent $300 million capital raise and has booked $1.3 billion in revenues (including its losses on cryptocurrency investments!). Binance is on track to bring in $1 billion for 2018, and Kraken recently launched a private round with a valuation of $4 billion.
Altogether, we could estimate the valuation of these three cryptocurrencies at $20 billion.
Before we move forward, it’s also important to note that the caliber of investor that is participating in private equity raises far surpasses the retail investors that led the cryptocurrency rally in 2017. These are typically sophisticated, accredited investors, not cryptocurrency enthusiasts dreaming of striking it rich. The valuations assigned to these raises are the result of careful analysis of both earnings and market potential, not merely speculation. Therefore, we can conclude that, while even the best investors can get it wrong, these valuations reflect the relatively real worth of these companies and by extension the potential of the market.
What can this tell us about the cryptocurrency market? The current market cap of all cryptocurrencies is about $110 billion. This means that for $110 billion, you could buy all of the cryptocurrencies in the world.
But wait, how can three top cryptocurrency exchanges (among an easy hundred) be worth $20 billion if the entire market of the assets they service is only worth $110 Billion?
To put this in perspective, let’s look at conventional equity markets. The total value of all stocks in the world is around $70 trillion. The NYSE accounts for about $21.3 trillion of this capitalization, and ICE (the parent company of the NYSE) is valued at $44 billion.
ICE is worth twice as much as three top cryptocurrency exchanges, but the market of assets it addresses is worth 200 times the market cap of all cryptocurrencies.
The investors who are funding Coinbase are well aware of these facts. They know exactly what conventional stock exchanges are worth and how much revenue they generate. These investors are making a bold statement about the future of digital asset markets. They are saying these markets are real, they are coming, and they will be substantial.
The valuations being assigned to the cryptocurrency markets at large and the valuations of private companies are incompatible. If we examine the hundreds of legitimate cryptocurrency companies that currently exist and the activities of established companies that are developing products and services in the cryptocurrency sector, it becomes increasingly obvious that the valuation of all the major companies in the cryptocurrency sector is worth more than the entire cryptocurrency market itself.
In many ways, this is one of the strongest and clearest indicators we have about the future of digital assets. It suggests that there is little substance to the endless media stories suggesting this bear market signals the end of cryptocurrency. How could this be the end of cryptocurrencies if investors continue to value these companies at such robust valuations?
For Coinbase to have a future, the digital asset market must have a future, and for Coinbase to be counted among the most valuable startups means the future for digital assets is a bright one.
When the value of the broad market falls below the value of companies directly servicing that market, we have a clear case of market inefficiency and oversold conditions. While this doesn’t mean the market can’t go lower (markets are notoriously emotional and new markets inefficient), it does suggest that fundamental value is much higher. Either the swarms of private investors funding cryptocurrency infrastructure are wrong, or the broad market led by emotional retail investors is wrong.
Private valuations give us a much more reliable metric for what things are worth in the cryptocurrency sector than the market itself. The broad cryptocurrency market is an extremely nascent organism that lacks most of the tools that create a truly sophisticated market.
The cryptocurrency market is hampered by both the lack of infrastructure and a lack of true understanding. Most investors in cryptocurrencies do not understand the market or the technology, and this feeds the already emotional nature of markets and especially new markets.
What we can really learn from an $8 billion Coinbase is to ignore the current valuations of digital assets and to buckle down, as Amazon did in 2001. The current market does not reflect the real value and potential of the sector just as Amazon’s share price in 2001 was a poor predictor of what was to come. Companies and cryptocurrency investors will need to learn to survive the trough of disillusionment that has gripped the sector, and while it is difficult to say when these market conditions will end, it’s much easier to say that they will.
Steven Lubka
CryptoIQ
HokieHead, so BCII is the company to invest in?
BXA, the 51% owner of Bithumb, Korea's largest crypto exchange, released a letter of intent to merge it's company in to this ticker, BCII back in January. The merger is to be completed on or before Friday per the filings.
Google "Blockchain Exchange Alliance" or "Bithumb merger". Company will be the only publicly traded crypto exchange, will uplist to Nasdaq or NYSE. Multi billion dollar valuation coming.
JokieHead, what ticker are y'all investing in? Thanks
Completely agree. The market has no idea. Their mrk cap could be in the billions .
Under the terms of the LOI, the goal is to complete the merger on or before March 1, 2019.
Has the bithumb acquisition closed?
seriesOne Partners With Bithumb For Exclusive, Invitation Only Event Series
The Digital Securities Platform Kicks Off Asia Tour at Hong Kong Blockchain Week
HONG KONG, Feb. 25, 2019 /PRNewswire/ -- seriesOne, operator of a digital security (or security token) fundraising platform created by industry veterans with expertise across technology, investment banking, venture capital, and financial compliance, today announced a week of exclusive events to introduce a portfolio of digital security offerings. This activity comes on the heels of the recent announcement that seriesOne has formed a joint venture with Bithumb one of the top crypto exchanges in the world, to build a digital security exchange in the U.S.
From March 4-8 seriesOne and Bithumb will be holding invitation-only events during Hong Kong Blockchain Week to showcase a gaming entertainment company led by top executives in the gaming industry and an oil & gas company with extensive drilling leases, among others.
seriesOne CEO, Michael Mildenberger, remarked, "seriesOne is introducing the Asian investment community to a new wave of companies with mature business models that are utilizing blockchain and digital security offerings to raise capital through the seriesOne primary offering platform. Together with Bithumb, we are building an ecosystem of companies that can one day trade on the exchange as well."
With Hong Kong's Blockchain Week expecting hundreds of thousands of people this year, it presents a prime opportunity for companies, including those presented by seriesOne and Bithumb, to showcase and explore real-world applications of blockchain technology across industries.
According to Christoph Mahler, financial advisor of Helena Oil & Gas, "We are doing something transformative in natural resources with a traditional oil and gas business. We are issuing a smart contract for ultimately preferred shares in a commodities industry. This is revolutionary, demonstrating the appeal of assets backed securities via the blockchain."
Planet Digital Partners CEO, Steve Grossman added, "Our core market for gaming is in Asia so it only makes sense to continue to build long term relationships here. We are looking forward to BlockChain week in Hong Kong to share our vision for the future for blockchain centric gaming."
Hong Kong is the first step in a seriesOne tour to build an expanded global presence. The company plans to actively engage with other prominent communities in Asia, Africa and Europe over the coming months.
Valuation correction coming..
Per one of the early PR's:
The deal is not yet complete, but that has not stopped BXA from launching another transaction involving Bithumb. Blockchain Industries, a California-based company with only six full-time employees and shares trading in the over-the-counter market, announced this month it had issued a letter of intent for a merger with BTHMB Holdings, which will be replaced by BXA following the completion of the alliance’s takeover of a controlling stake in Bithumb.
The goal is to complete the reverse merger by March 1. By buying a “super majority” of Blockchain Industries’ outstanding shares, BXA will gain over-the-counter listing status. The California-based company said in a US filing BXA intends to use the merged entity to expand its business in America. Blockchain Industries reported just US$1.5 million in revenue for the 2018 financial year.
But with new shareholders and US$350 million raised from a BXA token sale last year, the six-people outfit too looks like it is set for a makeover, should a deal be reached.
How much will BXA be worth? Coinbase, still private, is valued at $8 billion. I am guessing within the next week or so this ticker will have a whole different valuation and price per share. Merger to be finalized on or before March 1st. BCII (Bithumb/Blockchain Exhange Alliance) shares will be in demand. Great article on the where this merger could head.
Why an $8 Billion Coinbase Valuation Indicates Cryptocurrencies are Undervalued and Oversold
Steven Lubka Dec 16, 2018
The 2018 cryptocurrency market has rattled many of even the firmest proponents of digital assets. While we have seen the market for digital assets shed over 80 percent of its value, certain cryptocurrency companies have seen their valuation increase.
Can the valuations being placed on companies like Coinbase, Binance, and Kraken by savvy investors tell us something that the prices of digital assets can’t?
Yes, and here is why.
Despite all odds, it has been a good year for cryptocurrency exchanges. Coinbase was recently valued at $8 billion dollars in a recent $300 million capital raise and has booked $1.3 billion in revenues (including its losses on cryptocurrency investments!). Binance is on track to bring in $1 billion for 2018, and Kraken recently launched a private round with a valuation of $4 billion.
Altogether, we could estimate the valuation of these three cryptocurrencies at $20 billion.
Before we move forward, it’s also important to note that the caliber of investor that is participating in private equity raises far surpasses the retail investors that led the cryptocurrency rally in 2017. These are typically sophisticated, accredited investors, not cryptocurrency enthusiasts dreaming of striking it rich. The valuations assigned to these raises are the result of careful analysis of both earnings and market potential, not merely speculation. Therefore, we can conclude that, while even the best investors can get it wrong, these valuations reflect the relatively real worth of these companies and by extension the potential of the market.
What can this tell us about the cryptocurrency market? The current market cap of all cryptocurrencies is about $110 billion. This means that for $110 billion, you could buy all of the cryptocurrencies in the world.
But wait, how can three top cryptocurrency exchanges (among an easy hundred) be worth $20 billion if the entire market of the assets they service is only worth $110 Billion?
To put this in perspective, let’s look at conventional equity markets. The total value of all stocks in the world is around $70 trillion. The NYSE accounts for about $21.3 trillion of this capitalization, and ICE (the parent company of the NYSE) is valued at $44 billion.
ICE is worth twice as much as three top cryptocurrency exchanges, but the market of assets it addresses is worth 200 times the market cap of all cryptocurrencies.
The investors who are funding Coinbase are well aware of these facts. They know exactly what conventional stock exchanges are worth and how much revenue they generate. These investors are making a bold statement about the future of digital asset markets. They are saying these markets are real, they are coming, and they will be substantial.
The valuations being assigned to the cryptocurrency markets at large and the valuations of private companies are incompatible. If we examine the hundreds of legitimate cryptocurrency companies that currently exist and the activities of established companies that are developing products and services in the cryptocurrency sector, it becomes increasingly obvious that the valuation of all the major companies in the cryptocurrency sector is worth more than the entire cryptocurrency market itself.
In many ways, this is one of the strongest and clearest indicators we have about the future of digital assets. It suggests that there is little substance to the endless media stories suggesting this bear market signals the end of cryptocurrency. How could this be the end of cryptocurrencies if investors continue to value these companies at such robust valuations?
For Coinbase to have a future, the digital asset market must have a future, and for Coinbase to be counted among the most valuable startups means the future for digital assets is a bright one.
When the value of the broad market falls below the value of companies directly servicing that market, we have a clear case of market inefficiency and oversold conditions. While this doesn’t mean the market can’t go lower (markets are notoriously emotional and new markets inefficient), it does suggest that fundamental value is much higher. Either the swarms of private investors funding cryptocurrency infrastructure are wrong, or the broad market led by emotional retail investors is wrong.
Private valuations give us a much more reliable metric for what things are worth in the cryptocurrency sector than the market itself. The broad cryptocurrency market is an extremely nascent organism that lacks most of the tools that create a truly sophisticated market.
The cryptocurrency market is hampered by both the lack of infrastructure and a lack of true understanding. Most investors in cryptocurrencies do not understand the market or the technology, and this feeds the already emotional nature of markets and especially new markets.
What we can really learn from an $8 billion Coinbase is to ignore the current valuations of digital assets and to buckle down, as Amazon did in 2001. The current market does not reflect the real value and potential of the sector just as Amazon’s share price in 2001 was a poor predictor of what was to come. Companies and cryptocurrency investors will need to learn to survive the trough of disillusionment that has gripped the sector, and while it is difficult to say when these market conditions will end, it’s much easier to say that they will.
Steven Lubka
CryptoIQ
Merger update coming any day now, something to chew on before this explodes.
To me it looks like BXA is taking over the majority of the shares outstanding meaning any commons you own of BCII you will own the same percentage in BXA. Hence the reason there is no volume and the outstanding is most likely 95%+ owned by insiders. Even if not BCII shares owning even 5% of BXA will be worth a ton. This is going to pop bigly very soon.
Korean Exchange Bithumb Has Reserves Worth $6 Billion in 12 Cryptocurrencies
Apr 18, 2018
One of South Korea’s largest cryptocurrency exchanges, Bithumb, has published its first audit report, detailing its financial performance as well as crypto reserves worth approximately $6 billion kept in 12 cryptocurrencies.
South Korea’s second largest cryptocurrency exchange Bithumb recently released its first public audit report.
The exchange has 220 employees and 15 shareholders, the report details. It generated 333.42 billion won (~US$312 million) in operating revenue in 2017, a significant increase compared to the previous year of 4.32 billion won (~$4.1 million). Its net profit was 534.90 billion won (~$501 million) in 2017, up sharply from 2.51 billion won (~$2.4 million) in the previous year.
The Korea Times elaborated:
The company said its crypto reserves at the end of 2017 were 6.3584 trillion won ($5.9186 billion), including 416 billion won-worth coins of its own. The figure was up nearly 220 times more than the previous year.
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BCII Enterprises is a publicly traded private-equity-type holding company focused on organizing or incubating, acquiring, growing,
and at key points exiting highly scalable operating companies built to be sustainable and future-looking,
around a set of “themes” in a select set of high-growth and high-value market sectors.
While most of our target market sectors are high-tech and new-economy, we are also focused on fast-growth lifestyle niche sectors as well.
BCII Enterprises is a publicly traded holding company, active in the market through various operating subsidiaries.
We are focused on organizing or incubating, acquiring, growing,
and at key points exiting highly scalable operating companies built around a set of “themes” in a select set of high-growth and high-value market sectors.
While most of our target market sectors are high-tech and new-economy, we are also focused on fast-growth life-style niche sectors as well. Major “themes” and broad market sectors:
https://bciienterprises.com/companies/
[-chart]bciienterprises.com/wp-content/uploads/2019/10/dedicatedsolutionslogo.png[/chart]
BCII’s INCUBATOR provides management, technology, business and enterprise building knowhow, as well as capital and other
resources to non-majority-owned operating companies but that BCII executives can nevertheless control,
for the purpose of incubating and growing them so that they might become future BCII majority-owned operating companies.
Already, BCII INCUBATOR has a portfolio of such companies, including the Lifestyle/hospitality company, the Merakia Group and its QSR affiliate iSouvlaki (www.merakia.com).
Our Company’s executives, principals, board directors, and advisors have many tens of years of international business development,
company growth skillsets, and the requisite knowledge and experience for building sustainable enterprises in our target sectors —
with contacts and expertise in our operating geographic venues and markets.
Additionally, they have access and capital markets experience in both Wall St and other key world financial centers.
They have expertise and are well positioned to develop our projects and operating subsidiaries,
by providing organizational development services, financial and business-plan knowhow, business development and contacts and knowledge engaging for strategic alliances,
and help in sales and revenue ramp-up. In short, they have the wherewithal to prepare the foundation of our operating subsidiaries to quickly become fast-growing enterprises,
to anticipate and engineer key turning points and next-level milestones, and ready them for successful funding events, and M&A or IPO exits.
Recent Reverse Merger Annoucement:
Blockchain Industries Accepts Binding LOI with BTHMB Holdings
Blockchain Industries, Inc. ("Blockchain Industries") (OTC PINK: BCII) today announced it has signed a binding letter of intent (the "LOI") to accept Singapore company, BTHMB HOLDINGS Pte. Ltd., to be renamed as Blockchain Exchange Alliance (BXA), as the largest shareholder. The companies anticipate turning into a single entity, becoming a publicly traded cryptocurrency exchange company. BXA has agreed to place $1M USD into an escrow account as consideration for entering into the LOI which is subject to diligence review by both parties mutual agreement on certain terms including, but not limited to, valuation and the entrance into definitive transaction documents.
"We are thrilled to be part of this important initiative that is expected to bring liquidity, accessibility and expansion to the blockchain industry," said Patrick Moynihan, CEO of Blockchain Industries. "By working with BXA, we expect to bring more advanced technology and better compliance practices into the public marketplace via a consolidated focus."
BXA intends to use Blockchain Industries to market and expand their operations in North America.
"BXA is a global exchange alliance and the United States is a key factor to any global initiative," said Dr. Byung Gun Kim, CEO of BXA. "By unifying our businesses, we benefit from the focused expertise of Blockchain Industries. As a result, we have tremendous growth opportunities in this region, and we expect quality results from this in North America."
The intention of the LOI aims to solve problems with liquidity, accessibility and expansion that have challenged the fast-paced and swiftly growing digital asset market. This potential transaction would result in a unified, more secure global exchange platform with a broad capability to support emerging blockchain e-commerce, payments, and other digital finance functions.
Share Structure
Authorized Common - 400,000,000
Outstanding Common - 42,005,188 (Nov 2, 2018)
Float - 737,406 (Last known)
$BCII SECURITY DETAILS ABOUT LIKE WHEN STARTED HERE ?????
BCII SECURITY DETAILS Share Structure
Market Cap Market Cap,35,997,017
02/26/2021
Authorized Shares..400,000,000
Outstanding Shares..39,996,686
Restricted...............Not Available
Unrestricted..........Not Available
Held at DTC................6,678,377
Float...............................368,703
Par Value............................0.001
Crypto Exchange Valuations:
Coinbase ($8 billion)
Robinhood ($5.6 billion)
Ripple ($5 billion)
Kraken ($4 billion)
Block.One ($4 billion)
Circle ($2.9 billion)
Binance ($2 billion+)
BXA/Bithumb = $168 Million ($3.99 PPS x 42 million OS)
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