BlockBeats News, February 4th, according to Cointelegraph, Nasdaq-listed insurance brokerage firm Tranquilidade announced that the company has reached a strategic agreement where an undisclosed investor will contribute 15,000 bitcoins in exchange for equity in the company, currently valued at approximately $1.1 billion.
Tranquilidade also stated that the agreement includes a strategic collaboration focusing on artificial intelligence and the crypto field, planning to jointly establish an innovation lab to develop AI-driven trading and risk management tools, blockchain infrastructure, decentralized applications, and products covering Layer 2 networks, DeFi, and non-fungible tokens (NFTs).
According to Bitget data, Tranquilidade (TIRX) closed at $0.15, a 98.41% increase. With a market capitalization of about $7.479 million, it is far below the value implied by the proposed Bitcoin transaction. If the deal goes through, with Tranquilidade receiving 15,000 bitcoins, it would become the world’s eighth-largest publicly traded Bitcoin treasury company.
