Autris Acquires BitCorp Capital to Boost Bitcoin Reserve Strategy
Panama City, Republic of Panama – Autris (OTC: AUTR), a company focused on developing self-sustainable communities in Latin America and the Caribbean, has completed the acquisition of BitCorp Capital. This move is set to significantly expand Autris's Bitcoin Treasury Strategy, with the company also announcing a $30 million capital raise aimed at accredited investors.
Key Details of the Acquisition
Autris has acquired 100% of BitCorp Capital, issuing 30 million earn-out shares to the sellers. These shares will be released based on performance metrics such as increases in net equity and capital raises. The acquisition brings two prominent new shareholders to Autris, both with deep expertise in digital assets and capital markets.
New Leadership and Expertise
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Alexander D. Voss, CFA: Appointed as a Director and Chief Investment Officer (CIO), Voss brings extensive experience in finance, economics, and corporate strategy. He is a noted author on Bitcoin and free cities, holding multiple certifications including CFA and FRM. Voss will oversee the Board's Bitcoin Treasury Strategy.
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Dr. Titus Gebel: An entrepreneur with a PhD in international law, Dr. Gebel has a strong background in capital markets and is a co-founder of BitCorp. He has been involved in numerous IPOs and transactions, and is a leading figure in the free cities movement. Dr. Gebel emphasized that Autris's profitable business model makes it well-suited for a long-term Bitcoin treasury approach.
Strategic Implications and Capital Raise
CEO Patrick Hiebert highlighted that Autris has been accepting Bitcoin for its Veritas Villages communities since inception, using it for transactions and even mining with solar power. The company plans to raise up to $30 million through a Regulation D 506(b) filing to further support its growth and Bitcoin reserves.
CFO Don Morrison announced that Autris is pursuing an uplisting to a major exchange like NASDAQ or NYSE, which could enhance investor visibility and liquidity. This step is part of the company's broader strategy to strengthen its market position.
Vision for the Future
Both new leaders expressed confidence in the partnership. Dr. Gebel stated that a Bitcoin reserve strategy will bolster Autris's balance sheet, while Voss emphasized the importance of hard assets like Bitcoin and land in an inflationary environment. Autris aims to grow its treasury exponentially, aligning with its mission of promoting freedom and sustainability.
For more information, visit www.autrisgroup.com.
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