An update from Blue Star Capital ( (GB:BLU) ) is now available.
Blue Star Capital announced that its investee company, SatoshiPay, has completed a EUR400,000 fundraise through a SAFE funding round. This funding, along with a grant from the Web3 Foundation, will support SatoshiPay’s DeFi initiatives, particularly the Vortex platform, which aims to enhance global payments by integrating stablecoins with local fiat currencies. The funding will also aid SatoshiPay’s market expansion in Europe and South America and its blockchain integrations across major networks. Blue Star’s shareholding in SatoshiPay remains at 27.9% until the SAFE conversion, which could alter its stake depending on future funding conditions.
More about Blue Star Capital
Blue Star Capital plc is an investing company focusing on new technologies, with investments in blockchain, esports, and payments. Its portfolio includes SatoshiPay Limited, known for innovative payment solutions, Lets Play Live, a gaming ecosystem platform, Paidia, a female-focused gaming platform, and Sthaler Limited, a company specializing in identity and payments technology.
YTD Price Performance: 185.71%
Average Trading Volume: 239,375
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £3.3M
Learn more about BLU stock on TipRanks’ Stock Analysis page.