Spirit Blockchain announces a strategic investment in PIXEL, an exciting new venture in the Stablecoin and Capital Markets infrastructure space.
Pixel will partner with Spirit Blockchain to bring a next-generation Stablecoin and Capital Markets infrastructure to the global market
Toronto, Ont., Feb. 16, 2023 (GLOBE NEWSWIRE) — Spirit Blockchain Capital Inc. (CSE: SPIR ) (the “Company”), a Canadian company offering shareholders diversified exposure to the Blockchain and Crypto industries, is pleased to announce that they have entered into a stock purchase agreement with Pixel.
“This investment gives us a foothold in an exciting technology company with a proven management team”, said Lewis Bateman, Spirit Blockchain’s CEO, “Pixel has been developing a next generation Stablecoin, with specific capital market applications for some time now and expects to bring its offering to the market in the fourth quarter of 2023.”
”We are delighted to welcome Spirit as a shareholder and strategic partner”, said Matthew Durkin CEO and Founder of Pixel.
“The market is demanding a structured and globally compatible Stablecoin,” notes Bateman, “and we believe this product fills a genuine need in the market at the moment.”
Company updates
The company announces that Lewis Bateman has joined the board of Spirit Blockchain Capital Inc. to replace Anthony Zelen. Mr. Bateman will also become a director and chairman of Spirit Blockchain AG, the company’s wholly owned subsidiary based in Switzerland. In addition, Erich Perroulaz has been appointed interim CFO of the company following the departure of Meetul Patel. The Company thanks both Mr. Zelen and Mr. Patel for their contributions and wishes them the best in their endeavours.
About Spirit Blockchain Capital Inc.
Spirit is listed on the Canadian Securities Exchange (CSE) under the symbol SPIR.CN
Spirit is a Canadian-Swiss group operating in the blockchain and digital asset sectors with the primary objective of creating value in a fast-growing environment through recurring cash flows and capital growth.
Spirit gives investors direct exposure to the sector, without the technical complexity or limitations of buying and holding the underlying crypto assets. Spirit’s strategy is based on management’s belief that the Blockchain and digital asset ecosystem will provide significant growth and outperform traditional asset classes in the medium to long term.
The company’s strategy is centered on four complementary financial units:
-
Royalties & Streams by lending capital to Blockchain ecosystem participants, where repayment of the nominal and interest occurs in the form of crypto-assets;
-
Consultancy and research services;
-
Treasury management through investment in large crypto-assets with cold storage in Switzerland; and
-
Deliver IT solutions to the sector within the areas of Compliance, AML, Forensics and Risk Reporting.
To learn more about Spirit, go to: www.spiritblockchain.com
Media contact:
Lewis Bateman, Managing Director
Email: [email protected]
Forward-looking statements
This press release contains forward-looking statements and forward-looking information in accordance with applicable securities legislation. The use of the words “expect”, “anticipate”, “continue”, “estimate”, “target”, “may”, “will”, “project”, “should”, “believe”, “plan”, “have to intent” and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information deal with future events and conditions, they inherently involve inherent risks and uncertainties. Forward-looking information in this press release includes, among other things: the share purchase agreement between the company and Pixel; comments made by Pixel and the Company with respect to such investments and partnerships. Actual results may differ materially from those currently expected due to a number of factors and risks. Factors that may significantly affect such forward-looking information are described under the heading “Risk factors” in the company’s long prospectus dated August 8, 2022, which is available on the company’s profile on SEDAR at www.sedar.com.
The company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Readers are therefore advised not to rely on forward-looking statements or information.
CSE has not reviewed, approved or disapproved the contents of this press release.
