The “BitRubi” cryptocurrency exchange raised 200 million KGS by issuing its third round of shares

The “BitRubi” cryptocurrency exchange raised 200 million KGS through a new share offering. The transactions took place on June 30 on the Stock Exchange of Kyrgyzstan (BTS).

The company issued 20,000 common registered shares at a price of 10,000 KGS each, raising a total of 200 million KGS.

A key aspect of the transaction is that the shares were placed on the primary market. This means that the funds went not to existing shareholders, but directly to the company itself. In other words, this is not a change in ownership, but rather a raising of new capital that can be directed toward the further development of the business.

The offering took place as a private placement based on a resolution of an extraordinary general meeting of shareholders. All three transactions involving BitRuby shares—totaling 102 million, 78 million, and 20 million KGS—were classified as primary market transactions.

This marks the company’s third share issuance.

As a reminder, in 2024, Yuri Gushchin became a major shareholder of the crypto exchange after acquiring 39% of BitRuby’s shares.

As a reminder, OJSC “BitRuby” is a licensed operator of virtual asset trading. The company was registered on November 10, 2023, and received a perpetual license from the Financial Supervisory Authority on March 25, 2024.