Bitmain To Gain Majority of Opera Shares by Investing $50 Million into Web Browser's IPO

    Recently, Opera Ltd, a company that devotes itself to the Internet and open standards, has decided to sell its shares through an Initial Public Offering with the hopes of raising $115 million. A report released by Reuters suggests that the company will be available on the Nasdaq Stock Exchange and will be found under the symbol, “OPRA”.

    Opera Ltd was founded in 1995 in Norway. Their main goal has been and continues to revolve around allowing all consumers to browse the web through any device – be it iOS and Android, Windows, and Linux. By diving into a technical analysis brought to us by, Opera has become a favorite among 2.46 percent of Internet users, which is a triumph alone considering giants like Chrome and Internet Explorer.

    Since the filing of the IPO with the U.S Security Exchange and Commission (SEC) was made on June 29th, 2018, Opera secured three big investors – one being Bitmain, and the other two remain undisclosed.

    Bitmain, Chinese bitcoin miner and creator of ASIC chips, has supposedly invested $50 million in Opera for its shares, with the latter two making $10 million investments. This is an interesting step taken by Bitmain, as the software company is widely known for its billions of revenues across several offices worldwide.

    To add this investment to Bitmain’s accomplishments, the bitcoin miner was also supposedly chosen to elect blocks on the EOS blockchain, an endeavor that stressed that only 21 users will be able to validate transactions. Will Bitmain’s choices strengthen its core values?

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    Chrysler Building's Blockchain Real Estate Owners To Sell Building In Zurich, $135M Cash & ERC20

    The current owner of the Chrysler building is offloading a property valued at around $135 million to a blockchain-based real estate firm. It’s expected...

    Crypto Wallet BRD Expands Core Business, Launches Enterprise Blockchain Service ‘Blockset'

    BRD, a Mobile crypto wallet services provider backed by Ripple as well as SBI Holding, has announced it is expanding to the enterprise sector...

    Ripple: Asia-Pacific Remittance Market Seeing Growing Demand And is Ripe for Digitalization

    APAC digital transfer and remittance market expected to grow by 24.2% from 2018 until 2025 But what’s astounding is the expensive services charging...

    Will Russia’s New Prime Minister Help Foster The Adoption Of Cryptocurrencies?

    The Russian Federation Prime Minister has made a call asking his country people to try and prioritize the development of the digital economy. RIA NOVOSTI,...

    Nationwide Survey: One-Third Of Small And Mid-Sized Businesses Accept Crypto Payments

    36% of Small and Medium-sized Business in the US offering Crypto alternatives for payment systems Newer business are more likely to take up...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.