BTCFi project Babylon signs $100 million acquisition agreement with listed company AACG
Foresight News reports that BTCFi project Babylon has announced the signing of an acquisition agreement with the publicly listed exchange company ATA Creativity Global (AACG). Babylon will acquire a controlling stake in ATA for a total of $100 million, consisting of $30 million in new shares and $70 million in warrants, and will restructure the board of directors. The transaction is jointly executed by Baby BTC Strategic Capital and the Babylon Foundation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Glassnode: Crypto market funding rates have dropped to their lowest levels since the 2022 bear market
Data: A certain whale went long on 770 BTC on Hyperliquid, with an entry price of $111,749.
Data: A certain whale/institution has transferred over 15,000 ETH to exchanges in the past two days
Trending news
MoreCrypto prices
More
