Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Scottish beer brewery BrewDog is allowing investors to buy shares with crypto, extending its crowdfunding until April 2020.
Scottish craft beer brewery BrewDog has extended its latest crowdfunding to allow investors to buy shares in the form of cryptocurrency, the company tweeted on July 4.Â
BrewDogâs crowdfunding project, so-called âEquity for Punksâ now accepts ten cryptocurrencies to become a shareholder. The supported cryptos include bitcoin (BTC), bitcoin cash (BCH), bitcoin SV (BSV), ether (ETH), litecoin (LTC), ripple (XRP), OmiseGO (OMG), Qtum (QTUM), Augur (REP), and 0x (ZRX), as BrewDog stated in a recent blog post.
Launched back in 2010, Equity for Punks program allows investors to buy a small stake in the company, providing an alternative to shares that require a âhuge amount of cash.â As such, BrewDogâs investors can now use crypto to buy shares for 25 GBP ($31) each to become a crypto âequity punk.â Along with the crypto announcement, the company has also extended the program until April 2020.
BrewDog states that crypto initiative is the ânatural next stepâ for the company as a business, stressing that âjoining forces to link the old and new financial systems is a perfect fit.â
Since the launch, Equity for Punks has totally raised around 72.2 million British pounds ($90 million) to date with over 114,000 people registered as shareholders, according to BrewDogâs website. To encourage the crypto investment option, BrewDog offers six cans of Cryptonite West Coast IPA for âanyone who invests in BrewDog via Cryptocurrency,â the company wrote in the announcement.
The recent crypto-initiative is not the first crypto-related endeavor by the company. In late 2018, BrewDog launched a new location at Londonâs Canary Wharf, accepting payments in both bitcoin and bitcoin cash.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.