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Coinsilium Group Limited Announces Board Restructuring and Strategic Update
Coinsilium Group Limited has restructured its Board amid strengthened finances and strategic progress. Ben Proffitt, previously Chief Financial Officer, joins the Board as Executive Director. Malcolm Palle shifts from Executive Chairman to Non-Executive Chairman as part of succession planning. Federica Velardo steps down from the Board but remains as General Legal Counsel.
Coinsilium raised approximately £17 million, bolstering its balance sheet and supporting the growth of Forza Gibraltar Limited, its Bitcoin-treasury subsidiary. Holding 182 Bitcoin, valued at around $20 million, the company is positioned for its next growth phase.
The company aims to provide a Strategic Update soon, focusing on emerging opportunities in the digital-asset sector and promoting sustainable growth. Coinsilium emphasizes a strategy centered on managing its Bitcoin treasury to support investment and venture activities.
R. H.
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