Pluto Digital, a crypto venture company, agreed to buy investment company NFT Investments in a reverse takeover that will see it gain a listing on the Aquis Stock Exchange Growth Market in London.
- NFT Investments (AQSE: NFT) will issue £96 million ($130 million) of shares to Pluto investors, giving them a 70.5% stake in the new entity, NFT Investments said in a statement.
- In the last 12 months, Pluto Digital has established Pluto V, a venture capital arm that has made investments in various Web 3 projects and NFT assets. In March 2021, it raised a $40 million fund attracting London-listed bitcoin miner Argo Blockchain (LSE: ARB) as its lead investor.
- NFT Investments’ executive chairman Jonathan Bixby is one of Argo’s founders.
- The firm is listed on the Aquis Stock Exchange Growth Market (AQSE) in London, trading on which will be suspended until the proposed acquisition is completed.
Read more: Crypto Miner Argo Diversifies Into Non-Mining Blockchain Business
