Tap Global raises £1M in share placement, CEO stake rises to 54.5%
- —100 million new shares placed at 1p each, raising £1 million ($1.34 million)
- —CEO Arsen Torosian bought 17.5 million shares, taking his stake to 54.5%
- —Total shares outstanding will reach 844.6 million; AIM trading starts September 25
- —Proceeds fund a digital-asset yield strategy via Tap Earn, which holds over $5.6 million in deposits
Why it matters: The company plans to hold BTC, ETH, SOL and stablecoins as treasury assets, adding another public-company buyer to crypto markets.
Source: TokenPost