Crypto exchange Kraken offers investors a chance to purchase stakes in the firm

12 Dec, 2018
by Joeri Cant
Crypto exchange Kraken offers investors a chance to purchase stakes in the firm

According to Finance Magnates, the United States based cryptocurrency exchange Kraken, is offering select clients a chance to acquire equity in the company, subject to a minimum investment of $100,000.

The company sent out an email to its most valued clients, informing them about the investment opportunity.

Kraken is listing its shares for sale at a $4 billion valuation, with a minimum investment of $100,000, the company said in the email.

The firm’s CEO, Jesse Powell, said 'that there is a limited time opportunity available to a very small, select number of clients to purchase Kraken shares at a $4 billion valuation with a $100,000 minimum.'

'The transaction process will be done by a 3rd party service, who will run accredited investor checks, facilitate the execution of transaction documents, and the funding of your investment', the emails states.

The email goes on to say that Kraken is 'profitable and sitting on significant reserves so fundraising is not a necessity, however, further aligning interests with our top clients while building a war chest for acquisitions in the bear market presents a win-win opportunity.'

Powell added that the amount of shares available is relatively limited, and the exchange will close its offer on Dec. 16. The general public, however, won't have access to these shares, and the exchange doesn't have the intention to make a public offering.

Read more: Satoshi Nakamoto's last message was today, 8 years ago. What did Satoshi say?

Read more about: Kraken United States


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