Pri0r1ty Intelligence Group PLC (LSE:PR1) has raised $1 million (£0.75 million) through a share placing, priced at 4p per share.
Proceeds will support an expansion of liquidity for the company’s Lightning Network Routing Node, the company said in a statement.
The expansion is part of Pri0r1ty’s Pr1bit cryptocurrency operations aimed at enabling commercial-scale Bitcoin transactions.
It also plans to increase its Bitcoin liquidity to at least 500 million ‘satoshis’ in line with its existing treasury policy.