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Publicly Traded Vinanz Secures $4M Funding to Purchase $2M in Bitcoin Assets

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On May 14, 2025, Vinanz Limited, a Bitcoin-focused company listed on the London Stock Exchange under the ticker BTC, announced it has secured $4 million in bridge funding from a global investment manager through U.S. investment bank Dominari Securities. The company plans to allocate the first $2 million tranche to acquire Bitcoin assets, strengthening its position in the cryptocurrency market ahead of a potential NASDAQ dual listing.

Vinanz, which operates Bitcoin mining facilities across the U.S. and Canada, aims to expand its digital asset portfolio while capitalizing on Bitcoin’s rising mainstream appeal. The company’s Chairman, David Lenigas, stated, “The first $2 million of this institutional bridge funding has been banked, and Vinanz is working to deploy these funds into Bitcoin assets in the near term.” The remaining $2 million is available subject to certain conditions, with a 5% annual interest rate and a 12-month repayment term. Investors can convert the debt into shares at 25 pence or 95% of the lowest VWAP over the prior 10 trading days.

This funding comes amid a broader trend of institutional Bitcoin adoption, with companies like Metaplanet and Strategy also increasing their BTC holdings in 2025. Vinanz’s operations span Nebraska, Iowa, Indiana, Texas, and Goose Bay, Canada, where it recently installed U.S.-made Auradine miners in Indiana, achieving a breakeven cost of $53,000 per Bitcoin. The company’s focus on American-made miners aligns with its strategy to mitigate risks from U.S. tariffs on Chinese imports.

Posts on X reflect positive sentiment, with users calling the move a “big breaking” step for Bitcoin’s credibility. However, the crypto market’s volatility and regulatory uncertainties remain concerns, especially as Vinanz navigates its ambitious expansion plans.

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Terra Classic Community Passes Major Upgrade Proposal

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The Terra Classic community has successfully voted to approve Proposal v14_1, a significant network upgrade for the blockchain that powers the LUNC and USTC tokens.

The proposal received strong support from both validators and the community. It greenlights the deployment of terrad v4.0.0, the new software version that prepares Terra Classic for the Cosmos SDK 0.53 upgrade and includes a dedicated v14_1 upgrade handler for the mainnet.

What the Upgrade Includes

This new version brings Terra Classic in line with the latest Cosmos SDK framework. It delivers several important improvements, including:

  • Better overall performance
  • Enhanced security features
  • Improved compatibility with modern tools used across the Cosmos ecosystem

The technical upgrades include:

  • Cosmos SDK v0.53.6
  • CometBFT v0.38.21
  • wasmd v0.61.8
  • wasmvm v3.0.3

While these details may sound technical, the main takeaway is simple: this upgrade makes the entire Terra Classic network more stable, secure, and ready for future development.

Why This Is a Big Milestone

For LUNC and USTC holders, this is meaningful progress. After years of challenges following the 2022 Terra collapse, the successful passage of this proposal shows that the community and validators are still actively working together to maintain and improve the blockchain.

Upgrades like this are foundational — they don’t instantly change the price, but they keep the network healthy and create the groundwork for possible new features and better functionality in the future.

What Happens Next

The network will temporarily pause (a planned “chain halt”) on Friday, April 17, 2026, so validators can install the new software. Once the upgrade is complete and the network restarts successfully, Terra Classic will be running on more modern and efficient technology.

Bottom Line

The approval of Proposal v14_1 is a quiet but important achievement for Terra Classic. It demonstrates ongoing commitment from the community and marks another step forward in the long journey of rebuilding and strengthening the network.

Many holders see this as positive momentum and a sign that technical development on Terra Classic continues to move ahead in 2026.

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