GSTechnologies Ltd (LSE:GST) has raised a total of £1.925 million through a retail offer (£175,000) and a placing of new ordinary shares (£1.75 million). The capital raised will be used to expand the company’s Bitcoin treasury reserve, supporting its GS Money strategy and reinforcing its position in the digital asset market.
Despite facing operational and profitability challenges reflected in weak financial performance and technical indicators, GSTechnologies’ recent strategic acquisitions provide potential growth avenues that partially mitigate the negative outlook.
About GSTechnologies
GSTechnologies Ltd is a fintech firm developing a borderless neobanking platform and next-generation digital money solutions. The company is advancing its Bake Cryptocurrency Platform and focuses on digital assets, including Bitcoin.
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