PANews reported on May 16 that according to Bitcoin Magazine, blockchain investment company Coinsilium Group announced the completion of 1.25 million pounds of institutional financing and simultaneously launched a 250,000-pound retail fundraising plan to advance its Bitcoin reserve strategy. The private placement was priced at 3 pence per share, and the oversubscribed funds will be injected into its wholly-owned subsidiary Forza (Gibraltar) Co., Ltd. as the operating entity. Malcolm Palle, the company's executive chairman, said that this financing will accelerate the implementation of the Bitcoin reserve plan. At the same time, Oak Securities was appointed as a joint broker to strengthen the capital market operation capabilities. The newly issued shares are expected to be listed on the Aquis Growth Market on May 22, and the total share capital will reach 274.7 million shares after completion. Board member James Van Straten emphasized that the company is fully focused on the Bitcoin reserve strategy, and the fundraising includes an arrangement to use 6.56 million ordinary shares to offset 196,800 pounds of service fees.