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.
Authorized Common - 400,000,000
Outstanding Common - 42,005,188 (Nov 2, 2018)
Float - 737,406 (Last known)
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)
BXA COINS HAVE BEGUN TRADING FEB 26 2019 20 BILLION TOKENS @ $0.30 = $6 BILLION BXA TOKEN VALUATION https://www.coingecko.com/en/coins/blockchain-exchange-alliance?utm_content=blockchain-exchange-alliance&utm_medium=search_coin&utm_source=coingecko https://medium.com/@ico_12953/bxa-token-listing-schedule-c243b04ddd74