First Bitcoin Capital Corp. announced a private placement of minimum of 1,00,000 common shares and maximum of 1,000,000 common shares at a price of $0.1 per common share for minimum gross proceeds of $10,000 and maximum gross proceeds of up to $1,00,000 on September 23, 2022. The company is raising funding through crowd-funding platform ChainRaise Portal LLC.

The company will accept oversubscriptions in the transaction. The company will issue securities pursuant to exemptions provided under Regulation C. The transaction is expected to close on January 6, 2023. The minimum investment accepted from outsiders is $500.

The securities issued are subjected to 1 year hold period. The round is raised at a pre-money valuation of $30,600,000. The company may pay commission of 6% on total amount of investments raised in the transaction.