Tian Ruixiang outlines 15,000-Bitcoin equity deal with strategic investor - Source: CoinTelegraph

Tian Ruixiang Holdings Ltd (Nasdaq: TIRX) said it has entered a strategic agreement under which an unidentified investor would contribute 15,000 Bitcoin in exchange for an equity stake in the company. 

At Bitcoin’s price of about $75,000 at the time of writing, the proposed contribution would be valued at about $1.1 billion.

Tian Ruixiang said the agreement also includes a strategic partnership focused on artificial intelligence and crypto initiatives, including a joint innovation lab focused on AI-powered trading and risk management tools, as well as blockchain and decentralized application development.

Story continues: https://cointelegraph.com/news/tian-ruixiang-plans-acquire-15-000-bitcoin-equity-linked-deal