LQWD Technologies Corp., headquartered in Vancouver, British Columbia, has declared its intention to raise $10 million to expedite its Bitcoin accumulation strategy. This move is aligned with the company’s overarching objective to bolster its standing in the cryptocurrency market and advance its Lightning Network strategy. To achieve this, LQWD Technologies has assembled an advisory board comprising Bitcoin specialists to oversee its accumulation efforts and strategic development.
The company has already accomplished a non-brokered private placement, issuing 560,975 common shares and securing approximately 2.3 million CAD (1.68 million USD). These funds will be allocated to further the company’s Bitcoin accumulation plans and support its Lightning Network strategy. The Lightning Network, a layer-2 payment protocol operating on top of a blockchain-based cryptocurrency, facilitates faster and more cost-effective transactions.
LQWD Technologies’ emphasis on Bitcoin accumulation is a strategic decision to benefit from the increasing interest and adoption of cryptocurrencies. By expanding its Bitcoin holdings, the company aims to capitalize on the potential appreciation in Bitcoin’s value, which has historically exhibited substantial growth. Furthermore, the Lightning Network strategy is anticipated to enhance the company’s capability to conduct faster and more efficient transactions, making it a more appealing choice for users and investors.
The formation of an advisory board of Bitcoin experts underscores LQWD Technologies’ dedication to its Bitcoin accumulation strategy. The board will offer valuable insights and guidance, assisting the company in navigating the intricacies of the cryptocurrency market and making well-informed decisions. This initiative is likely to fortify the company’s market position and enhance its credibility among investors and stakeholders.
The successful completion of the private placement and the establishment of the advisory board represent significant achievements for LQWD Technologies. These developments illustrate the company’s proactive approach to seizing opportunities in the cryptocurrency market and its commitment to driving innovation in the industry. As LQWD Technologies continues to implement its Bitcoin accumulation strategy and Lightning Network initiatives, it is well-positioned to assume a more prominent role in the evolving landscape of digital currencies. 
