DelphX Capital Markets Plans $50M Bitcoin Treasury Strategy



DelphX Capital Markets (TSXV: DELX), a Toronto-based fintech firm, announced plans to acquire up to $50M in Bitcoin through a structured monthly purchase program.

Funding will come from a senior secured lending facility (in final-stage talks) and an $18M convertible debenture placement.

Key Context:
DelphX has a market cap of only ~$10M with minimal revenue. The $50M BTC target is 100% debt-funded, and financing is not yet finalized.

This is an announcement of intent, not a completed purchase.
BTC2.27%
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