Crypto VC Fund Pluto Digital to Go Public in Reverse Takeover of NFT Investments

Crypto VC Fund Pluto Digital to Go Public in Reverse Takeover of NFT Investments
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Crypto VC Fund Pluto Digital to Go Public in Reverse Takeover of NFT Investments

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

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