Vinanz repays $2m debt to strengthen capital position

  • Vinanz Ltd (LSE:BTC, OTCQB:VINZF), the Bitcoin treasury company with mining operations in the United States and Canada, said it had repaid a $2 million debt facility by transferring shares from its executive directors to the lender, bringing an earlier investment agreement to an end. The London main board-listed group had originally signed a financing agreement in May with an institutional investor, allowing for up to $4 million in funding.