Melbourne

Australian AI biotechnology company Opyl Limited, facing financial difficulties, announced on Thursday in Melbourne that it is adopting a Bitcoin treasury strategy. Opyl purchased approximately two Bitcoins, worth around $214,500 (AUD 330,000), through the DigitalX Bitcoin ETF listed on the ASX.

Opyl's new financial situation and strategy

Although this amount of Bitcoin is small compared to other companies, Opyl stated that this move reinforces "treasury diversification" and reflects a commitment to "creating shareholder value." This buyback is supported by a non-dilutive financial foundation provided by non-executive director Antanas "Tony G" Guoga. This loan is capped at $1.3 million (AUD 2 million), with an interest rate of 6.5% and secured by the company's Bitcoin.

Australian police have just dismantled an organized crime gang specializing in targeting crypto ATMs and collectible card shops, arresting 4 suspects and seizing approximately 50,000 AUD (equivalent to 31,800 USD) along with many dangerous weapons.
Targeting Crypto ATMs and Collectible Cards
This gang is accused of attacking 6 ATMs in areas such as Hoppers Crossing, Bentleigh, Brunswick, Werribee, and Vermont. They also broke into collectible card shops in Epping, Moonee Ponds, and Eumemmerring since mid-January.