Nilam Resources, Inc., a precious metal mining company with principal assets in Peru, has announced it is entering into a Letter of Intent (LOI) with Xyberdata Ltd. to acquire 24,800 bitcoin. This agreement involves acquiring 100% of the common stock of a special purpose entity named MindWave, to be established in Mauritius, which will hold the BTC along with other assets.
JUST IN: 🇵🇪 Gold mining company Nilam Resources to acquire 24,800 #Bitcoin worth $1.76 billion.
— Bitcoin Magazine (@BitcoinMagazine) March 25, 2024
“Nilam Resources, Inc. today announced that it has entered into a Letter of Intent (LOI) with Xyberdata Ltd to acquire 100% of the common stock of a special purpose entity, to be established under the name MindWave that will hold 24,800 Bitcoin,” the announcement stated. “Nilam Resources, Inc., will issue a newly authorized Preferred Class of Series C Stock in in exchange for 24,800 Bitcoins at a discounted rate relative to current market p
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