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Blue Star Capital ( (GB:BLU) ) has provided an update.
Blue Star Capital plc announced that SatoshiPay Ltd has drawn down a £1,000,000 secured loan to enhance its digital asset treasury function, which is secured against the value of the treasury assets. This move allows Blue Star, as the largest shareholder, to benefit from SatoshiPay’s growth while maintaining security over the funds. Additionally, SatoshiPay has achieved the second set of milestones for a grant from The Web3 Foundation, facilitating the launch of Vortex in key markets and establishing a Polkadot offramp, which positions SatoshiPay to advance its product roadmap and scale Vortex further.
More about Blue Star Capital
Blue Star Capital plc is an investing company with a focus on new technologies, particularly in blockchain, payments, and esports. Its investments include SatoshiPay Ltd, known for innovative blockchain payment solutions, Dynasty Media & Gaming, a B2B white label gaming platform, and Paidia, a female-focused gaming platform.
Average Trading Volume: 1,086,083
Technical Sentiment Signal: Buy
Current Market Cap: £7.73M
For an in-depth examination of BLU stock, go to TipRanks’ Overview page.