Gold mining company Nilam Resources will buy $1.70 billion worth of Bitcoin.
The 24,800 bitcoins Nasdaq purchased will serve as collateral for Nilam Resources to raise capital for high-yield projects. The Company also plans to issue a newly authorized Series C Preferred Stock.
The company and the team have been working diligently for the past few months to successfully complete all the arrangements,” said the CEO of Nilam Resources.
By Mariam Mtivlishvili
