05:22 PM EDT, 07/17/2025 (MT Newswires) -- Dynamite Blockchain ( CRYBF ) after close of trade Thursday said it will raise up to $2.5 million in a non-brokered private placement of share units.

The company will place up to 50-million units priced at at $0.05 each and made up of a share and a two-year warrant to buy a second share for $0.10.

Dynamite intends to use the net proceeds to solidify the company's position as a utility-based digital asset proxy public company, to settle payables, purchase utility coins in the market and develop technologies to bolster its Blockchain Ecosystem.