LQWD Technologies Completes Private Placement, Plans to Use CAD 2.30 Million to Purchase Bitcoin

Canadian Bitcoin Lightning Network company LQWD Technologies (TSXV: LQWD; OTCQX: LQWDF) has announced the completion of its previously disclosed non-brokered private placement, selling 560,975 common shares and raising a total of approximately CAD 2.30 million (approximately USD 1.68 million). The company plans to use the proceeds to purchase Bitcoin as an operating asset to expand its Lightning Network services business and for general corporate purposes. (Newsfile Corp) [Odaily Planet Daily News]