April 1, 2024
London, Ontario — Tahini’s, the chain of Mediterranean restaurants in Ontario, announced plans to raise $25,000 CAD by selling convertible debt in a private offering, with intentions of using the funds to acquire more Bitcoin.
Helmed by its co-founder Ali Hamam, the company has been accumulating Bitcoin for its corporate treasury since 2020. The restaurant chain moved its treasury to a Bitcoin standard roughly the same time as U.S. based MicroStrategy.
“Tahini’s intends to use the net proceeds from the sale of the notes to acquire additional bitcoin and for general business purposes,” the company said in post on X (Formerly Twitter). Although completion of the private offering is pending, the company would be able to acquire about .25 Bitcoin based on the exchange rate at the time this article was written.
This is a guest post by Bitcoin Bugle. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
