UK-listed company Valereum Plc plans to raise £500,000 to establish a Bitcoin treasury reserve

ChainCatcher news, UK listed company Valereum Plc plans to raise approximately £500,000 by issuing around 16,129,032 ordinary shares to accelerate the company's growth strategy. This fundraising will be conducted in two phases, including a targeted placement of 400,000 shares expected to be completed today, and a retail placement of 100,000 shares planned for next week (currently being finalized).

The proceeds from this fundraising are intended to expand the existing business scale of VLRM Markets and enhance the onboarding capabilities for new token issuers, supporting commercial and ecosystem growth plans, including cryptocurrency consulting services, BTC initiatives, GATE tokens, and other opportunities.