Mentioned:
An early stage technology and crypto investor is taking over a company on the New York Stock Exchange. But, why?
What’s happening:
- Technology investor Greg Kidd has entered into a new deal with Know Labs (NYSE: KNW) to acquire a controlling equity stake in the company and begin acquiring Bitcoin to hold directly as an asset
Why it matters:
- Greg Kidd was the former Chief Risk Officer at Ripple and was an early investor in multiple notable technology companies including Twitter, Coinbase (NASDAQ: COIN), Robinhood (NASDAQ: HOOD) and Solana
Going deeper:
- Greg Kidd will become the Chief Executive Officer and Chairman of Know Labs following the successful completion of the new deal and begin raising equity and debt financings to accumulate Bitcoin
- Publicly traded companies have been continuing to aggressively buy up Bitcoin lately, including Metaplanet (OTCQX: MTPLF) just recently pouring another hundred million dollars into acquiring more Bitcoin as well as GameStop (NYSE: GME) making their first ever purchase of Bitcoin
