Athena Blockchain Announces Binding Letter of Intent with BlockTower Capital Partners LP Regarding Capital Investment and Advisory Relationship

CHICAGO, Dec. 4, 2018 /PRNewswire/ -- Athena Blockchain announced today that BlockTower Capital Partners LP has entered into a binding Letter of Intent (LOI) to invest in Athena Blockchain and that its CIO, Ari Paul, is serving as an advisor to the company.

"I'm thrilled to be an advisor to Athena Blockchain and help further its mission to provide institutional advisory, structuring, and placement for the tokenized security sector," said Paul. "Athena Blockchain is well positioned to tap into the growing interest in tokenizing securities offerings and introducing new products like tokenized REITs. These offerings can both unlock otherwise illiquid investment opportunities and provide a superior security to existing options for liquid investments. I've known the Athena Blockchain team for almost 2 years and have been consistently impressed by their professionalism and acumen.  They're committed to regulatory compliance and to building an industry leading firm with a long-term vision."

"Ari and his team at BlockTower have created a best of breed fund that has strategically introduced professional discipline and experience to the tumultuous crypto markets and shown leadership in our industry," said Eric Gravengaard, Athena Blockchain's President. "We're thrilled to have him supporting Athena Blockchain's efforts to provide investors access to tokenized securities and great companies access to capital markets."

Athena Blockchain entered into a Joint Venture with 303 Alternatives, LLC a FINRA regulated broker dealer, on August 27, 2018, to provide compliant structuring and placement of tokenized securities.

The LOI contains binding terms of a transaction through which BlockTower agrees to become a capital partner of Athena Blockchain and to provide advisory services to Athena Blockchain. BlockTower will make a capital investment in Athena Blockchain for an undisclosed amount. The LOI and its terms are binding, subject to entering into a definitive agreement between the parties containing specific signing and closing terms.

This press release shall not constitute an offer to sell or the solicitation of an offer to acquire any securities, nor shall there be any sale of any securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Athena Blockchain

Athena Blockchain is a privately-held investment, financial, and advisory business with offices in Chicago, Miami, and Santa Monica. The firm provides advice and execution across a full range of transactions.  Media inquiries may be forwarded to media@athenablockchain.com.

About BlockTower Capital Partners LP

BlockTower Capital is a leading institutional cryptocurrency investment firm, bringing professional trading and portfolio management to an emerging digital asset class. It was founded by former engineer and Goldman Sachs Executive Matthew Goetz, and former University of Chicago Endowment Portfolio Manager and Susquehanna International Group Trader and Portfolio Manager Ari Paul. Matthew currently serves as Chief Executive Officer, and Ari as Chief Investment Officer.

Forward-Looking Statements

Certain matters discussed within this press release are forward-looking statements. Although Athena Blockchain believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Athena Blockchain does not undertake any duty to update any statements, (including forward-looking statements) contained herein except as required by law. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks.

Informational Purposes

This material has been prepared for informational purposes only and is not an offer to buy or sell or a solicitation of any offer to buy or sell any security or instrument, or to participate in any trading strategy. Athena Blockchain does not provide legal, tax, investment, or accounting advice.

SOURCE Athena Blockchain