According to Businesswire, BNB Plus announced the raising of $4.1 million through the issuance of Series B-1 and B-2 convertible preferred shares, with investors including Silvermine Capital Advisors’ Comstock Multichain Fund and Off the Chain LP. The proceeds will be used to increase digital asset reserves, provide working capital, and explore opportunities in AI infrastructure development. The company disclosed that it currently holds over $16.4 million in cash and digital assets.
BNB Plus Raises $4.1M Through Convertible Preferred Stock Issuance
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Summary
BNB Plus secured $4.1 million in digital assets through the issuance of B-1 and B-2 series convertible preferred shares. Investors include the Comstock Multichain Fund and Off the Chain LP under Silvermine Capital Advisors. The funds will be used to expand reserves, support operations, and explore AI infrastructure. The company holds over $16.4 million in cash and digital collectibles.
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