CBI and Ker Ventures Partner with SAFEbit to Acquire 2,000 Bitcoins

Crypto Blockchain Industries (CBI) and Ker Ventures have announced an agreement with the SAFEbit exchange to acquire up to 2,000 bitcoins. This transaction, potentially worth over €200 million, will be made through the exchange of CBI shares for bitcoins.

Each day, both companies will be able to gradually acquire these bitcoins without outlaying cash, thus reinforcing CBI's ACE (Acquire, Create, Earn) strategy. The transaction price will be based on the weighted average price of CBI shares plus a market discount.

While promising, this agreement exposes CBI to the uncertainties and risks associated with cryptoassets. Investment in this sector remains subject to significant volatility. The agreement with SAFEbit marks a strategic step towards eventually increasing CBI's bitcoin portfolio.