Canadian listed company LQWD Technologies raises CAD 2.3 million to purchase more Bitcoin

According to Newsfile Corp, Canadian Bitcoin Lightning Network company LQWD Technologies Corp. (TSXV: LQWD; OTCQX: LQWF) announced that its previously announced non brokerage private placement has completed delivery. According to this issuance, the company sold 560975 ordinary shares for a total proceeds of approximately CAD 2.3 million (or approximately USD 1.68 million). The company intends to use the net proceeds from this non brokerage private placement to purchase Bitcoin as an operational asset for the company's scalable lightning network service business and for general corporate purposes.