ICOA Indicators LOI For 240 Million Acquisition Of BGBF


Las Vegas, Nevada, Oct. 26, 2021 (GLOBE NEWSWIRE) — ICOA, Inc. (OTC PINK: ICOA) (“ICOA” or the “Corporate”) a publicly traded Nevada corporate and a countrywide supplier of wi-fi and stressed broadband Web networks in high-traffic public places, these days coming into the DeFi, Blockchain, NFT and Crypto Area thru a couple of acquisitions, publicizes it has finished a Letter of Intent (“LOI”) to obtain BGBF, Asia’s first insured Bitcoin Denominated Fund, in a transaction valued at USD 240,000,000.

The Fund supplies Bitcoin publicity to buyers, whilst providing insurance plans & underwriting for public providing safety insurance coverage (POSI), striving to ship protected and secured funding.

Structured as a regulated and Central Financial institution compliant entity, BGBF’s generation gives each Hybrid and Centralized Finance as is focused at accepted and institutional buyers.

The LOI finished through ICOA and BGBF outlines the phrases of the transaction which is valued at USD 240 Million and expected to near inside 30 days. As a part of the purchase, ICOA will probably be obtaining 100% of BGBF in go back for limited most well-liked stocks of ICOA.

Dr. Vin Menon, Co-Founder and Marketing consultant of BGBF added “The case for Bitcoin has been made. There is not any doubt at this level it’s right here to stick. With the hot build up in adoption through each retail and institutional avid gamers in addition to the approval of the primary Bitcoin ETF, the extent of self belief in Virtual Property is at an all-time excessive. BGBF used to be located from the onset to make the most of this large alternative.

George Strouthopoulos, Leader Govt Officer of ICOA, Inc. added “We’re dashing alongside our acquisitions to place the Corporate for luck within the DeFi, Blockchain, NFT and Crypto Area. This newest pending acquisition is a big milestone for us and we stay up for proceeding in this trail. This 2d acquisition additional demonstrates the get to the bottom of of the Corporate and its talent to create shareholder price within the Crypto Area”.

We invite shareholders and buyers to observe our social media maintain on Twitter for day-to-day updates on the newest traits.

Twitter: https://twitter.com/icoa_inc

About ICOA INC.

ICOA, Inc. is a countrywide supplier of wi-fi and stressed broadband Web community give a boost to for broadband get entry to installations in high-traffic places throughout america together with, quick-service eating places, accommodations and hotels, shuttle plazas, marinas and so on. ICOA is these days coming into the DeFi, Blockchain, NFT and Crypto Area thru a couple of acquisitions.

About BGBF

BGBF is South East Asia’s First Insured Bitcoin denominated Fund. The Fund supplies Bitcoin publicity to buyers, whilst providing insurance plans & underwriting for public providing safety insurance coverage (POSI), striving to ship protected and secured funding.

Twitter: https://twitter.com/BGBF_I





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