South American Gold Miner Nilam Resources to Buy $1.70 Billion in Bitcoin
On March 25, news appeared on the web about Nilam Resources, a South American gold mining stalwart, revealing a tactical shift towards Bitcoin. It detailed an enthusiastic acquisition of MindWave, which holds an incredible 24,800 BTC, to name a few possessions.
Bitcoin expert Tuur Demeester condemned the news as a "stunt from a passing away cent stock." Broadcaster and filmmaker Max Keiser stated the news looked like a "pump and dump."
The offer was expected to mark a billion-dollar leap into cryptocurrencies including Nilam Resources releasing a recently licensed Preferred Class of Series C Stock. These were to be exchanged for the 24,800 BTC at a rate marked down from the existing market value.
The news has actually been exposed by numerous crucial market leaders, and some news outlets...