Vinanz Bags $4M to Go Bigger on Bitcoin and NASDAQ Dreams
Vinanz is making moves. The Bitcoin-heavy firm just locked in $4 million in funding to grow its BTC stash and eye a major NASDAQ dual listing. Already listed on the London Stock Exchange as “BTC.L” and trading in the U.S. under “VINZF,” Vinanz is now gunning for that big-league exposure.
The money’s coming from Dominari Securities, a U.S. investment bank, backed by a global fund. It’s split into two parts — $2M already in the bag, and another $2M coming if Vinanz hits certain goals. The cash will go toward beefing up their Bitcoin mining game in states like Indiana and Texas, plus Canada.
Now, this isn’t a free ride. The funds come with 5% annual interest and must be paid back in a year per drawdown. But here’s the twist: the investor can swap the debt for shares — either at a flat 25p or at 95% of the lowest 10-day price. Still, they can’t own more than 4.99% of the company or convert if the stock’s too low.
Chairman David Lenigas called the deal “timely,” saying it gives Vinanz the boost it needs as Bitcoin gains more mainstream clout. The NASDAQ move could bring serious institutional eyes.
With the crypto market heating up again, this play might just put Vinanz in the spotlight for real.
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