GSTechnologies Limited plans to raise approximately $2.72 million to purchase Bitcoin

According to NLNico, UK-listed GSTechnologies Limited has raised £1.75 million through a placement of 145,833,333 shares of no par value at a price of 1.20 pence per share. In addition, the company plans to offer a "retail offering" to existing retail shareholders at the same issue price to raise additional funds of up to £250,000. The funds raised will be added to the Bitcoin reserve. [Foresight News]