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IOV Labs ups stake in Coinsilium as JV expands worldwide to capture Bitcoin boom - Value the Markets

Coinsilium, a listed pioneer in blockchain and cryptocurrency finance, has won a £330,000 follow-on investment from IOV Labs, as the two companies expand their joint venture globally. The Gibraltar blockchain fintech firm subscribed for 11,000,000 shares at 3p, a 20% premium to the current stock price. The deal means IOV Labs will more than double its stake in Coinsilium from 6.9% to 13.9%. With the crypto space enjoying a global resurgence, the timing of this investment could prove to be extremely lucrative.

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