16 Jul
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Stockholm IT Ventures Bytemine Token Strikes EUR 2 Million Deal with Pecunio VC Fund

STOCKHOLM, SWEDEN (16 July, 2018) – Stockholm IT Ventures AB (Frankfurt Stock Exchange: SVAB), a Swedish technology company specialising in clean and efficient low-cost energy crypto currency mining, today announced the company’s Bytemine token (BYTM) has signed a EUR 2 million investment by Pecunio’s VC Fund. Pecunio, a leading Fintech company in the United Arab Emirates, has also offered to purchase the remaining allocation of Bytemine tokens (up to EUR 1 million) by the end of the sale.

“We are extremely excited to have Pecunio on board as an institutional investor,” said Phillip Nunn, Managing Director of the Crypto Division for Stockholm IT Ventures. “Being recognized and added to Pecunio’s exclusive portfolio represents a great testament to our vision and future. Bytemine is a blockchain project with the potential to disrupt the mining industry, lending credence to our ability to build and shape a future unicorn in their portfolio.”

This large-scale institutional investment from Pecunio will give Bytemine a significant push in hitting its funding goal. Bytemine will also receive access to a robust ecosystem of potential partnerships through Pecunio, which was one of the most successful ICOs in 2018, as noted by Coindesk.

What I like most about is the Bytemine project team and their genuine dedication to disrupt the traditional world of mining,” said Reinhard Berger, CEO of Pecunio VC Fund. “Anthony Norman and Phillip Nunn know how to build successful businesses and attract top talent. Supporting them and their team to succeed provides us with the opportunity to add increase the value of our organization with another potential unicorn.”

Pecunio’s team has always been exceptionally robust. The company’s helm originate from traditional Fintech heavyweights such as of Accenture and Capgemini.

About Stockholm IT Ventures AB

Stockholm IT Ventures AB is a Swedish public company listed on the Frankfurt Stock Exchange since 2014 under the ticker symbol SVAB. The company focuses on clean and efficient low-cost energy cryptocurrency mining and production, and in blockchain related technology. All mining activities shall use clean and sustainable energy from hydro power stations in Northern Europe, requiring less heat-generating energy compared to ordinary mining for Bitcoin. The Stockholm IT Ventures stock represents a green investment in cryptocurrency technology. For more information, visit www.stockholmit.co. You can also find them on Facebook, Twitter and LinkedIn. Details on the company’s Bytemine (BYTM) token and White Paper can be found here: www.bytemine.io.  

About Pecunio:

Pecunio is an asset platform for safe and easy blockchain investments, and is the leading Fintech company in the United Arab Emirates. The platform’s products and services cover a huge sector of blockchain innovation. Investors benefit from a sound business model, which enables investments into angel & venture capital (AC&VC) investments, initial coin offerings (ICO), high-end cryptocurrency funds and asset-backed tokens. Pecunio’s mission is to eliminate all technical and psychological hurdles and to provide easy and secure access to the crypto market. It is the combination of professional financial management, high technical expertise and reliable structures. For more information visit their web site: https://pecun.io/


Media Contacts:

Vibrate Communications for Stockholm IT Ventures


We are a traditional technology company that has taken a proactive interest in Cryptocurrencies and blockchain technology

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