Cannabis culture media organization High Times Holding Corp. will accept cryptocurrencies in its Initial Public Offering (IPO), High Times reports Aug. 2.
In doing so, it will reportedly be the “first traditional stock offering ever to accept investments” in cryptocurrencies.
The “preeminent source for cannabis information since 1974” will accept Bitcoin (BTC) and Ethereum (ETH) in an effort to cast a wider net in attracting investors to the company.
The report details $29 million dollars of reduction of negative equity, debt reduction, and decreases in operating losses.
Under the regulation, small businesses can crowdsource up to $50 million from members of the public.
On 5th July, Accept. io made a vital tie-up with ShapeShift, an online stage for rapid and safe swapping digitalized assets without a record/account. Accept. io is a London-based sharing-economy commercial center for purchasing and offering goods and services.
Recent Bitcoin block data shows that Bitcoin’s mining pools BTC. com, AntPool and ConnectBTC, respectively mined about 25. 7 percent, 16. 1 percent and 0. 2 percent of all new blocks over the past week.
Jeff Garzik first tuned the world into his latest venture in the fall of 2017. The Bloq co-founder unveiled Metronome (MET), a cryptocurrency he founded alongside Matthew Roszak, at the Las Vegas Money 20/20 conference in late October, and the project caught the attention of Bloomberg and Fortune at the time.