In the quest to raise even more cash to fund their beer empire expansion, Brewdog have opened up funding options to allow cryptocurrency investments.
Although this is someway short of allowing cryptocurrency in their bars and store, it’s still very unusual, and not something I have seen before outside of the crypto-world.
It is not just bitcoin either, it seems Brewdog is accepting a whole host of crypto. Even though I worked at Coindesk some time ago, many of these tokens I’ve not even heard of. The crypto world moves insanely fast!
Here is the full list of accepted cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Litecoin, OmiseGO, Qtum, Augur, Ripple, 0x.
Crypto investors get a bonus too. 6 cans of a west coast IPA called Cryptonite. Seems a good deal – especially if you only have to invest £25 to get it. I did not see any terms & Conditions relating to how much you’d need to invest.
Luckily, I managed to dig up a very small stash of Litecoin in an old wallet I had. Remember Litecoin? It’s the silver to bitcoin’s gold!
There were no issues, and the shares have been added to my existing investment. I’ll let you know if I get the cans and what the beer is like.
As it stands, Brewdog have raised 74% (£5,169,945)of their £7,000,000 target. Maybe there are a few crypto-millionnaires are out there who want to use their crypto-capital for tax reasons? For their love of beer? Because they think it is a good investment?
I’m not sure allowing these investments will push them over the line any sooner, or if it just a publicity stunt. But there’s still 275 days to go, so it looks likely they’ll reach the target either way.
If anything, I am impressed they managed to get the legal and regulatory side worked out, which is likely much more complicated than accepting cryptocurrency for a shop.
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