Scottish beer brewery BrewDog is allowing investors to buy shares with crypto, extending its crowdfunding until April 2020.
BrewDog’s crowdfunding project, so-called “Equity for Punks” now accepts ten cryptocurrencies to become a shareholder. The supported cryptos include bitcoin (BTC), bitcoin cash (BCH), bitcoin SV (BSV), ether (ETH), litecoin (LTC), ripple (XRP), OmiseGO (OMG), Qtum (QTUM), Augur (REP), and 0x (ZRX), as BrewDog stated in a recent blog post.
Launched back in 2010, Equity for Punks program allows investors to buy a small stake in the company, providing an alternative to shares that require a “huge amount of cash.” As such, BrewDog’s investors can now use crypto to buy shares for 25 GBP ($31) each to become a crypto “equity punk.” Along with the crypto announcement, the company has also extended the program until April 2020.
BrewDog states that crypto initiative is the “natural next step” for the company as a business, stressing that “joining forces to link the old and new financial systems is a perfect fit.”
Since the launch, Equity for Punks has totally raised around 72.2 million British pounds ($90 million) to date with over 114,000 people registered as shareholders, according to BrewDog’s website. To encourage the crypto investment option, BrewDog offers six cans of Cryptonite West Coast IPA for “anyone who invests in BrewDog via Cryptocurrency,” the company wrote in the announcement.
The recent crypto-initiative is not the first crypto-related endeavor by the company. In late 2018, BrewDog launched a new location at London’s Canary Wharf, accepting payments in both bitcoin and bitcoin cash.