- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Propanc has raised $100 million for cryptocurrency reserves and cancer therapy research.
BlockBeats News, November 11th, according to The Block, Propanc Biopharma, a US-listed biopharmaceutical company (Nasdaq stock code: PPCB), has announced that it has secured up to $100 million in funding from the family office Hexstone Capital, which is active in the Bitcoin, Ethereum, Solana, Dogecoin, and other digital asset spaces. The private placement transaction was structured through convertible preferred stock, with Propanc receiving an initial investment of $1 million and up to $99 million in additional funding over the next year.
The funds will be used to build Propanc's digital asset portfolio and accelerate the development of its flagship cancer therapy, PRP, which is currently scheduled to begin its first human trials in 2026. The company did not specify which digital assets it plans to acquire. The financing news did not halt the decline in Propanc's stock price. On Monday, PPCB's stock price fell by 4%, dropping below $1, with a cumulative decrease of 43% over the past month.
You may also like
SBF's little brother turned 225 million into 5.5 billion in one year
In a World of Disruption, How Can Humanities Workers Better Use AI?
Anthropic Open Letter: The Hypocritical Sam Altman, PUA Master
On the same day that Kraken's Fedmaster Account was approved, the banking lobbying group immediately launched a counterattack.
Bitwise: This weekend's attack accelerated the on-chain migration of the financial world
Market Downturn: Which Assets Are Worth Watching?
The real opportunity of stablecoins is not to kill Visa
Trump's AI Farce: Insult if You Don't Pay
US & Canada Crypto Tax Season 2026: Official Tax Reporting Support from WEEX × KoinX
Prepare for US & Canada crypto tax season 2026. Learn how to export your WEEX transaction history and access official reporting support through our partnership with KoinX.
Conversation between Tom Lee and "The Big Short" Author: AI has detected bubble signal, crypto correction due to gold liquidity being "siphoned off"
The true reason for Claude's ban, Kraken accessing the Federal Reserve payment system, What is the English community paying attention to?
「Buying the Dip」 of 400,000 BTC: Is $74,000 a Rebound or a Reversal?
OpenClaw, Another Batch of Middle Class Jobless
Morning News | Backpack will launch on-chain IPO subscription service; Predict.fun strategically acquires on-chain prediction platform Probable; SoFi partners with Mastercard for strategic cooperation
Inventorying the Washington power in the crypto space, who is speaking out for U.S. crypto legislation?
650 million dollars, 1.5 billion dollars, 2 billion dollars, the crypto VC landscape has changed!
Why prediction markets are the largest untapped collateral pool in DeFi
500% XAUT Staking, Zero-Fee Gold Futures and $100K Rewards: Why Traders Are Turning to WEEX for Tokenized Gold
Explore WEEX's $100,000+ gold campaign featuring 500% XAUT staking, zero-fee gold contracts, and $30,000 PAXG rewards. Trade tokenized gold today.
App