Sixty Six Capital Buys 18.2 Bitcoin, Announces $2.5M Funding for BTC Strategy

Sixty Six Capital (CSE: SIX) has announced the purchase of 18.2 bitcoin (BTC) for CAD$2,634,450. The company currently holds the equivalent of 113 BTC through the Canadian ETF BTCC.B, which it plans to convert to direct bitcoin holdings.

Additionally, Sixty Six Capital plans to conduct a non-brokered private placement of up to 24,510,714 common shares at CAD$0.14 per share, aiming to raise up to USD$2.5 million. The proceeds will be used for BTC purchases and working capital purposes. The shares will be subject to a four-month hold period, and no finder’s fee is expected.