Interlapse Technologies Corp. (TSXV: INLA) (OTCQB: INLAF), the company that operates Bitcoin exchange Coincurve, has acquired BuyBitcoinCanada in a move to further consolidate its position as Canada’s top virtual currency operator. BuyBitcoinCanada was operated by Bitaccess Inc.
Interlapse is a micro-cap currently trading at around $0.0825/share on OTCQB with a market capitalization of $2 million.
According to a release, Interlapse paid 233,333 shares for the platform. The transaction was announced earlier this week and as of today, the value of those shares is about $20,000 USD.
Customers will be immediately incorporated into the Coincurve platform, creating Canada’s leading, non-custodial, virtual currency platform.
Wayne Chen, CEO of Interlapse Technologies Corp, said this was the first step in their non-organic growth strategy to “become the preeminent virtual currency platform in Canada and eventually, globally.”
In November 2019, Interlapse reported a private placement for up to 7,500,000 common shares at CDN$0.10 per share for total gross proceeds of up to $750,000.