Wu Blockchain has learned that UK crypto fintech company Tap Global (AIM: TAP) announced it has conditionally raised £1 million (approximately $1.34 million) by placing 100 million new shares at a price of 1 penny per share, with the placement being oversubscribed. The company’s CEO, Arsen Torosian, subscribed to 17.5 million shares and will hold 54.5% of the company’s shares once the new shares are listed. The new shares are expected to begin trading on September 25. The company stated that the funds raised will be used to advance its digital asset yield treasury strategy, with over $5.6 million in digital asset deposits already generating returns through Tap Earn. https://www.(wublock123.com)/news/tap-global-placings-100m-shares-raise-1m-gbp-ceo-holds-54-5pct-68805