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.'
Interesting, got this in the mail this morning.— - adidog CEO - [Jan/3 📉] (@MannerCookie) December 11, 2018
If Coinbase is worth $8b, I guess Kraken coming in at $4b seems fair...?
War chests for the bear market..
Could we get some more ShitCoins to short @krakenfx
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.
Crypto exchange Kraken is looking to raise private equity at a $4 billion dollar valuation. Kraken CEO Jesse Powell commented that the exchange will not have a public offering. #blockchain #bitcoin #ethereum #xrp #ripple #monero #zcash #pivx #bitcoincash #litecoin #neo #dash pic.twitter.com/7t8sS9CqMc— Setcoins (@setcoins) December 12, 2018