Bitcoin treasury company POP Culture completes $6 million common stock offering

Jinse Finance reported that POP Culture, a Nasdaq-listed Bitcoin treasury company, has completed the issuance of 5 million Class A common shares at an offering price of $1.2 per share, raising a total of $6 million. FT Global Capital, Inc. served as the placement agent for the offering. The company has previously purchased 300 Bitcoins and plans to expand its Bitcoin treasury to 1,000 Bitcoins.