Crypto exchange Kraken is offering certain selected investors a golden chance of purchasing stakes in the firm as he presently on fundraising drive.
Jesse Powell, the CEO of the firm confirmed it to the CoinDesk that his company is making a plan to tap a small amount of clients inorder to create a fundraising round costing nearly $4 billion for the firm.
She informed CoinDesk via email that there is a presently a small, limited time opportunity furnished to the a very few selected number of clients to claim Kraken shares whose valuation is around 4 billion dollars with a 100,000 dollars minimum.
General public will remain unapproachable and aloof towards the deal and the company is not looking forward to make the exchange a public offering. Powell further said that the final number that they expect to raise will depends entirely on the amount of interest and the company has not determined the amount they are aspiring to garner.
He even said that the amount of shares available for sale is relatively limited and the closing date of the exchange is 16th December.
The email received by the investors describe the move as an opportunity presented to the most valued clients of the company to become equity holders. He could not mention any specific acquisition at press time and hinted that he may make certain announcements at the commencement of the year 2019.
During the bear market Kraken joined its fellow United States Exchange Coinbase in the process of fund raising. Earlier this year Kraken raised $300 million with an $8 billion valuation.
Undisclosed third party will act as an intermediate medium for the exchange to verify that interested parties are accredited investors in the United States and it will also look over the actual transaction.
Source: CoinDesk, Block Board
