ICOA Signs LOI for 240 Million Acquisition of BGBF

Las Vegas, Nevada, Oct. 26, 2021 (GLOBE NEWSWIRE) — ICOA, Inc. (OTC PINK: ICOA) (“ICOA” or the “Company”) a publicly traded Nevada company and a national provider of wireless and wired broadband Internet networks in high-traffic public locations, currently entering the DeFi, Blockchain, NFT and Crypto Space through multiple acquisitions, announces it has executed a Letter of Intent (“LOI”) to acquire BGBF, Asia’s first insured Bitcoin Denominated Fund, in a transaction valued at USD 240,000,000.

The Fund provides Bitcoin exposure to investors, while offering insurance coverage & underwriting for public offering security insurance (POSI), striving to deliver safe and secured investment.

Structured as a regulated and Central Bank compliant entity, BGBF’s technology offers both Hybrid and Centralized Finance as is targeted at accredited and institutional investors.

The LOI executed by ICOA and BGBF outlines the terms of the transaction which is valued at USD 240 Million and anticipated to close within 30 days. As part of the acquisition, ICOA will be acquiring 100% of BGBF in return for restricted preferred shares of ICOA.

Dr. Vin Menon, Co-Founder and Advisor of BGBF added “The case for Bitcoin has been made. There is no doubt at this point it is here to stay. With the recent increase in adoption by both retail and institutional players as well as the approval of the first Bitcoin ETF, the level of confidence in Digital Assets is at an all-time high. BGBF was positioned from the onset to take advantage of this massive opportunity.

George Strouthopoulos, Chief Executive Officer of ICOA, Inc. added “We are speeding along our acquisitions to position the Company for success in the DeFi, Blockchain, NFT and Crypto Space. This latest pending acquisition is a major milestone for us and we look forward to continuing on this path. This second acquisition further demonstrates the resolve of the Company and its ability to create shareholder value in the Crypto Space”.

We invite shareholders and investors to follow our social media handle on Twitter for daily updates on the latest developments.

Twitter: https://twitter.com/icoa_inc

About ICOA INC.

ICOA, Inc. is a national provider of wireless and wired broadband Internet network support for broadband access installations in high-traffic locations across the United States including, quick-service restaurants, hotels and motels, travel plazas, marinas etc. ICOA is currently entering the DeFi, Blockchain, NFT and Crypto Space through multiple acquisitions.

About BGBF

BGBF is South East Asia’s First Insured Bitcoin denominated Fund. The Fund provides Bitcoin exposure to investors, while offering insurance coverage & underwriting for public offering security insurance (POSI), striving to deliver safe and secured investment.

Twitter: https://twitter.com/BGBF_I

About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

Related Posts

E-Crypto News Executive Interviews



Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

Crypto casinos
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin57,320 0.28 % 0.59 % 0.74 %
Ethereum4,745.2 0.08 % 7.24 % 8.95 %
Binance Coin632.64 0.19 % 2.31 % 6.60 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Solana214.29 0.10 % 5.53 % 3.52 %
Cardano1.580 0.21 % 0.14 % 9.74 %
XRP1.010 0.20 % 1.41 % 5.38 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
USD Coin1.000 0.14 % 0.20 % 0.17 %
Dogecoin0.2215 0.68 % 1.42 % 7.23 %

bitcoin
Bitcoin (BTC) $ 57,361.00
ethereum
Ethereum (ETH) $ 4,750.34
binance-coin
Binance Coin (BNB) $ 633.72
tether
Tether (USDT) $ 1.00
solana
Solana (SOL) $ 213.45
cardano
Cardano (ADA) $ 1.58
xrp
XRP (XRP) $ 1.01
polkadot
Polkadot (DOT) $ 38.16
usd-coin
USD Coin (USDC) $ 0.999145
dogecoin
Dogecoin (DOGE) $ 0.2154