Today the general meeting of a certain Finnish company that already owns about 1% of XMR outstanding, has decided to refocus the company's mission to be a Monero fund, with the objective of converting its BTC holdings to XMR, and issuing shares to select parties and use the proceeds to acquire more XMR.
Is the public listing of this company on a stock exchange something that may happen in the future? The reason I ask is that this could be attractive to people in Canada who wish to hold XMR in tax free or tax tax deferred accounts (TFSA, RRSP etc).
Public companies tend to have 10s of millions (minimum) in assets, so with a global marketcap of 4 million, XMR funds who own a fraction of it are not likely to go public due to the administrative costs.
I think in Estonia about $1 million companies can go public, because one of my companies was contemplating it when it was even smaller.
TL;DR: Let's see
Hi Risto, could you please elaborate on the status of this?