Crypto VC Fund Pluto Digital to Go Public in Reverse Takeover of NFT Investments

Pluto Digital, a crypto venture company, agreed to buy investment company NFT Investments in a reverse takeover that will see it gain a listing on the Aquis Stock Exchange Growth Market in London.

• NFT Investments (AQSE: NFT) will issue GBP96 million ($130 million) of shares to Pluto investors, giving them a 70.5% stake in the new entity, NFT Investments said in a statement.
• In the last 12 months, Pluto Digital has established Pluto V, a venture capital arm that has made investments in various Web 3 projects and non-fungible token assets. Last March, it raised a $40 million fund, attracting London-listed bitcoin miner Argo Blockchain (LSE: ARB) as its lead investor.
• NFT Investments' executive chairman, Jonathan Bixby, is one of Argo's founders.
• The firm is listed on the Aquis Stock Exchange Growth Market (AQSE) in London, trading on which will be suspended until the proposed acquisition is completed.

Read more: Crypto Miner Argo Diversifies Into Non-Mining Blockchain Business