Biosig technologies (BSGM)A Medical-Technology Society, fresh by a fusion with tokenization company Streamex, said it signed final agreements for up to $ 1.1 billion in financing for financing (Rwas) Like gold and other ingredients.
The capital increase includes $ 100 million in senior -protected convertible bonds and equity of $ 1 billion. Bonds incur 4% interest and are convertible for common shares, giving the holders the rights to a significant equity position. According to the capital line of credit, the company can issue new shares and sell up to $ 1 billion joint share to investors for up to 36 months.
BSGM shares threw themselves as much as 43% to $ 6.54 Tuesday after the announcement, perhaps about concern about potential shareholder dilution. The price later stabilized about $ 9, down 20% during the day. The company’s market value is about $ 1 billion at current prices, according to Yahoo Finance Data. Still it is approx. 600%when the two companies announced their merger on May 5th.
Gold Treasury strategy
A number of companies have recently said that they are turning into a crypto -state -box -strategy, raising capital by selling shares and issuing debt and investing in tokens like Bitcoin
and Ethereums ether (Eth).
Biosig takes a different approach. The merged unit places itself as a gold cat company while it is betting on the red -hot symbolic trend. Tokenized assets or traditional instruments such as stocks, funds and raw materials on blockchain rails are expected to become a market for Multitrillion Dollar in the next few years, says BCG reports, McKinsey and Standard Chartered.
The company plans to keep physical gold through a top-tier gold bank and use much of its balance in the yellow metal rather than Fiat currency.
Meanwhile, Streamex plans to issue tokens supported by gold and other ingredients through its platform built on Solana (Sun) Blockchain.
“By combining the value of physical gold with the innovation of blockchain, we build a company based on what we believe is the world’s most trusted value of value, while enabling a scalable business model with high returns through tokenization,” Biosig CEO said, and streamx co-founder Henry McPHie in a statement.
“Our mission is to unlock liquidity, transparency and accessibility across the market for $ 142 trillion raw materials, and this milestone is just the beginning,” he added.
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