BrewDog, a Scottish craft beer brewery, stated on a July 4 company tweet that would allow investors to purchase cryptocurrency shares.
“Equity for Punks” – the crowdfunding project run by BrewDog -enables shareholders to transact with ten cryptocurrencies. Those crypto coins supported are bitcoin, ether, bitcoin cash, bitcoin SV, ripple, litecoin, Augur, OmiseGO, Qtum, and 0x.
Evidently, The Equity for Punks program which was launched back in 2010 serves as an alternative to shares which needs a “huge amount of cash” as it permits investors to purchase a small stake in the firm.
Each of the shares costing $31 (25 GBP) can be bought using crypto so that which after that forms the crypto “equity punk.” The program was also extended till April 2020 alongside the crypto announcement.
BrewDog’s “natural next step” is the crypto initiative that joins forces of the old and new financial systems.
With more than 114,000 registered shareholders, Equity for Punks has been able to raise almost $90 million (72.2 million British pounds) to date since the time it was launched.
BrewDog’s website wrote that any individual who uses cryptocurrency to invest would gain six cans of Cryptonite West Coast IPA — in a move to encourage the crypto investment option.
While people might think that the present crypto-initiative is the first one, yet it is not. BrewDog unveiled in 2018 a place at London’s Canary Wharf where individuals would be able to trade in bitcoin and bitcoin cash.