GLOBAL BLOCKCHAIN COM NPV (OTCMKTS:BLKCF) is a cryptocurrency exposure that we are interested in with Canadian roots and now an Australian connection. BLKCF just recently announced plans to apply as an ASX Foreign Exempt Listing. This category is for entities listed on another securities exchange which wish to have a secondary listing on the ASX and which meet certain eligibility criteria. Why, exactly? According to BLKCF, “The ASX listing will bring significant benefits to the Company’s existing listings.”
BLKCF President Shidan Gouran noted, “The addition of a listing in Australia to our listing in Frankfurt brings access to trading much closer to 24 hours a day on conventional exchanges, which should be the standard in the digital age. It is important that investors internationally have access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies.”
GLOBAL BLOCKCHAIN COM NPV (OTCMKTS:BLKCF) is an investment company providing investors access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies. GBT is focused on streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top tier blockchains and digital currencies. GBT is listed on the TSX Venture Exchange and its common shares trade under the ticker symbol “BLOC”.
BLKCF which was previously known as Carrus Capital Corporation, changed its name to Global Blockchain just this month and has pivoted to focus its investment strategy on companies in the bitcoin and blockchain spaces.
The idea is that Global Blockchain will invest in various companies in the aforementioned spaces and, concurrent to constructing a portfolio of company exposures, will also take a position in various established cryptocurrencies (so, bitcoin, Ethereum and Litecoin as a likely starting point).
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Besides the hot market and safe exposure to crypto, the team here is stellar. Steven Nerayoff is Chairman. He served as a senior advisor to Ethereum and Lisk, driving pre-ICO activity in both, and he created the initial legal framework and co-drafted the crowdsale model which set the standard for all other crowdsales to follow. In other words, he wrote the book on the ICO model that’s generating billions of dollars in startup capital right now.
Rik Willard is CEO and he founded the Silicon Valley Blockchain Society. He’s also an advisor to the Luxembourg government on crypto adoption and blockchain integration. Michael Terpin, the guy who created and sold MarketWired to NASDAQ for $200 million, is working as an advisor. So is Jim Rogers, one of the most well-respected names in the commodities markets who is a frequent Washington Post and New York Times contributor.
GLOBAL BLOCKCHAIN COM NPV (OTCMKTS:BLKCF) has a $36.12M market cap with 20.27M shares outstanding. The chart for BLKCF demonstrates nearly 350% upside piled on for shareholders of the company over the past 60 days. In addition, the company has seen a rise in trading interest, with the stock’s recent average trading volume running 372% over what the stock has registered over the longer term. Sign-up for continuing coverage on shares of $BLKCF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $BLKCF, either long or short, and we have not been compensated for this article.