SatoshiPay Ltd announced a private placement of 2,941 shares at a price of €340 per share for gross proceeds of approximately €999,940 on January 16, 2017. The transaction will include participation from new investor, Blue Star Capital plc (AIM:BLU) for 1,886 shares; representing a stake of 10.68% and other investors. The round will be raised at a post-money valuation of approximately €6,000,000.

The company has entered into a conditional subscription agreement with Blue Star Capital plc (AIM:BLU). The completion of the transaction is subject to the fulfillment of certain conditions.