Metalpha Secures $12M in Private Placement for Blockchain Expansion

According to Metalpha, the Nasdaq-listed firm will raise funds from Gortune International and Avenir Group to advance blockchain trading systems and related infrastructure.

183d ago

Summary

In an official announcement, Metalpha Technology Holding Ltd. confirmed it signed subscription agreements with Gortune International and Avenir Group to raise about $12 million via a private placement. Scheduled to close around November 30, 2025, the funding will be directed toward enhancing blockchain trading technology and expanding the company's digital asset infrastructure.

Terms & Concepts

Private Placement: A capital-raising method where securities are sold directly to a select group of investors rather than through a public offering.
Blockchain Trading Technology: Systems and software enabling the buying, selling, and exchange of blockchain-based digital assets.
Digital Asset Infrastructure: The underlying systems and frameworks that facilitate the creation, storage, and transfer of digital assets such as cryptocurrencies.