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French BD Multimedia raised 1 million euros to fully invest in Bitcoin to launch the "vault company" strategy.
[Chain News] PANews, June 19th, reported that the fintech company BD Multimedia ($ALBDM), headquartered in Paris, France, has successfully raised 1 million euros through the issuance of Convertible Bonds (OCA) and officially launched the “Bitcoin Vault Company” strategy. This fundraising will be 100% invested in Bitcoin, with a conversion price of 12 euros (a premium of 48.1% over the current price), and the dilution rate is controlled within 1%. This strategy has been approved by the French ACPR and PSAN regulators.