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The SEC, in its own complaint filed with the federal court, stated that Soberal and Olguin conducted an offering Bitwise stock in 2022 to raise funds to cover operating expenses, generating about ...
(Reuters) -Crypto asset manager Bitwise said on Friday that $240 million flowed into its spot bitcoin exchange-traded fund (ETF), the most of the 10 such products that began trading on Thursday.
Bitwise co-founders Irma Olguin Jr. and Jake Soberal told the FBI that they forged bank statements, misled investors and inflated company revenues as they tried to salvage their startup company.
Bitwise Industries was an American company focused on computer programming instruction, technology sales, and real estate operations. Founded in 2013 by Irma Olguin Jr. and Jake Soberal in Fresno , the company grew to have campuses in additional cities before furloughing its workforce and terminating the co-CEOs in June 2023.
The company operates from an office in Bengaluru’s Ibbaluru, Bellandur area. [4] [8] In August 2023, it was announced Navi Group had sold Chaitanya Microfinance to the Mumbai-headquartered microfinance company, Svatantra Microfin for $178.5 million.[30] On 12 March 2022 Navi filed a draft for an INR 3350 crore IPO. [9]
That’s where Fresno-based BW Industries Inc., the embattled parent company of Bitwise Industies and other associated companies, was incorporated and filed for bankruptcy on June 28.
Nasdaq Private Market (NPM) provides a secondary market trading venue for issuers, brokers, shareholders, and prospective investors of private company stock.Since inception, NPM has facilitated more than $40 billion in transactional volume and has worked with 400+ private companies and 100,000+ employees, stakeholders, and investors.
In November 2019 and December 2020, Soberal – as Bitwise’s co-CEO – signed off on a lease and, later, a lease addendum, for Bitwise to lease the building from the partnership for 20 years.