🚀 Bitmax Announces Reverse Stock Split to Improve Financial Structure
#Bitmax #reverseStockSplit #cryptocurrency #financialStructure #capitalReduction #delistingReview #SolowinHoldings #BTC #SouthKorea
South Korean cryptocurrency accumulation firm Bitmax has announced a four-for-one reverse stock split, which will reduce its issued shares from 41,937,104 to 10,484,276. According to NS3.AI, this capital reduction aims to enhance the company's financial structure by offsetting its deficit. The decision follows challenges such as a delisting review and an unsuccessful attempt to acquire Solowin Holdings. As of February, Bitmax held 551 BTC, with its most recent purchase occurring in August of the previous year.#Bitmax #reverseStockSplit #cryptocurrency #financialStructure #capitalReduction #delistingReview #SolowinHoldings #BTC #SouthKorea
🚀 Bitmax Denies Selling Bitcoin Holdings Before Capital Reduction
#Bitmax #Bitcoin #CapitalReduction #SouthKorea #DigitalAssetTrust #NS3AI #CEO #HongSangHyuk #Transparency #Audit #BTC
South Korean digital asset trust company Bitmax has refuted claims made by a local media outlet regarding the sale of its Bitcoin holdings prior to a 4-for-1 capital reduction without compensation. According to NS3.AI, Bitmax CEO Hong Sang-hyuk clarified that the company's Bitcoin holdings are transparently disclosed in public business and audit reports. He emphasized that these assets are securely stored across multiple wallets, following external verification and auditing processes.#Bitmax #Bitcoin #CapitalReduction #SouthKorea #DigitalAssetTrust #NS3AI #CEO #HongSangHyuk #Transparency #Audit #BTC