Nukkleus Eyes Bigger Slice Of Jacobi Asset Management, Expanding Footprint In Bitcoin ETF Arena
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Benzinga
Benzinga
Nukkleus Inc. (NASDAQ:NUKK) has announced its intention to expand its investment in Jacobi Asset Management, known for sponsoring Europe’s first approved Bitcoin spot ETF. Nukkleus signed a Memorandum of Understanding on January 16, 2024, marking a strategic advancement in Nukkleus’ portfolio. The MOU sets the stage for Nukkleus to acquire an additional 10% of Jacobi outright potentially. There’s an option to acquire One Hoxton Holding Ltd, adding another 6% stake in Jacobi. Should these acquisitions materialize, Nukkleus’ total ownership in Jacobi could rise to approximately 20%. The agreemen…