Bitcoin is the most popular cryptocurrency in the market. When it was released, one of the primary purposes of crypto is to buy things like Pizza. But now, you can purchase stocks for Brewery using Crypto.
Scottish craft beer, Brewdog launched back in 2007, now allow its clients as well as investors to buy company stocks using cryptocurrency, the firm announced via a Tweet on July 4.
BrewDog's Crowdfunding project popularly known as “Equity for Punks” currently accepts 10 cryptocurrencies to become a shareholder. It supports cryptocurrencies such as bitcoin (BTC), bitcoin cash (BCH), bitcoin SV (BSV), ether (ETH), litecoin (LTC), ripple (XRP), OmiseGO (OMG), Qtum (QTUM), Augur (REP), and 0x (ZRX), BrewDog shared in the latest blog post.
Started way back in 2010, Equity for Punks now allows investors to buy a minor stake in the company, offering an alternative to the shares which require "huge amount of cash." As of now, BrewDog's investors can use Crypto to buy shares worth 25 GBP ($31) so that they become a crypto "equity punk." Along with the crypto announcement, the firm extended the date of the program until April 2020.
BrewDog says that latest crypto move is the "natural next step" for the firm as a business, emphasizing that “joining forces to link the old and new financial systems is a perfect fit.”
From the beginning of the launch, Equity for Punks has grabbed around 72.2 million British Pounds until now with more than 11,400 people registered as shareholders, as per the BrewDog's Website.
Currently, the firm has around 1,500 employees; however, it was started with just two people in 2007. This indicates that the firm is putting its efforts in the right direction.
BrewDog says that the company is owned by all the customers who love its beer and jointly they are the heart and soul of the company, a group of people with the same goals.
In honor of the start of the sale, the firm decided to launch a new beer: Cryptonite. To promote its crypto investment option, BrewDog provides six cans of Cryptonite West Coast IPA for “anyone who invests in BrewDog via Cryptocurrency,” the firm said in an announcement.
