Global Arena Holding Inc (OTCBB:GAHC) reported that they have obtained a capital infusion to be used partly towards completing acquisition deal of Blockchain Technologies Corporation. They expect BTC to help them deploy a strategy to leverage the fundamental crypto technology of Bitcoin, known as ‘Blockchain.’
The management view
John Matthews, the CEO and President of Global Arena, said that they have obtained commitment funds towards the deal and plan of merger with Blockchain Technologies. They expect to get the remaining funds within a short period of time. Additionally, the company has access to numerous investment sources suggesting serious interest to get associated with them after the reported acquisition deal completes.
The strength
The management of Global Arena expects to benefit from strong contact network of their CEO and his ability to steer the firm to fulfill its capital needs. Once the funds are obtained, the company will progress with BTC acquisition plans. The CEO added that BTC along with its patents will contribute considerably to the future development of company’s other operations, specifically Global Election Services, Inc. Also, it will help Global Arena to emerge as a technology leader in the coming period.
The future ahead
Global Arena Holding Inc (OTCBB:GAHC) expects to close the BTC acquisition deal next month. This could establish the platform for the company’s ownership of innovative, advanced, technologies and patents, set to boost the growth and application of cryptocurrencies and ‘distributed database systems.’
Global Arena trades on the OTC market under the ticker symbol “GAHC.” The publicly traded firm has numerous interests, including Global Arena Investment Management LLC and Global Elections Services, Inc.
In last trading session, the stock price of Global Arena surged more than 4% to close the trading session at $0.0760. The gains came at a share volume of 719,892 compared to average monthly share volume of 39,447. After the recent gains, the market cap of company stands at $2.04 million.
