Bluesky Digital Assets Issues Corrective Disclosures Amid Regulatory Scrutiny
Toronto, Saturday, 1 November 2025.
Bluesky Digital Assets, based in Toronto, announces corporate updates and corrective disclosures to clarify previous statements, aiming to improve transparency and regulatory compliance in the digital asset space.
Corporate Update and Corrective Disclosure
Bluesky Digital Assets Corp. (CSE: BTC, OTCQB: BTCWF), a Toronto-based company, announced crucial updates to its corporate strategy on November 1, 2025. The company issued corrective disclosures to address inaccuracies in previous statements regarding its non-brokered private placement offering. This move is part of Bluesky’s ongoing efforts to enhance transparency and align with regulatory compliance standards in the digital asset sector [1].
Details of the Offering and Corrections
The initial announcement of the private placement, dated July 8, 2025, outlined the sale of up to 8,333,333 units at C$0.12 per unit, with each unit consisting of one common share and a warrant exercisable at C$0.15 for 24 months. However, Bluesky has clarified that the first tranche, closed on July 14, 2025, involved issuing 1,750,000 units for C$210,000, contrary to the previously stated figures. Additionally, 100,000 finder’s warrants were issued instead of the initially disclosed 18,000. A second tranche closed on July 14, 2025, with 833,333 units issued, lower than the anticipated 1,200,000 units [1].
Final Tranche and Use of Proceeds
The third and final tranche was completed on August 15, 2025, with 2,199,999 units issued for approximately C$264,000, culminating in total gross proceeds of around C$574,000 from all tranches. The raised capital is earmarked for advancing Bluesky’s AI and online gaming projects, alongside general working capital [1].
Implications for Stakeholders
Bluesky’s corrective disclosures and strategic updates come at a critical time, as the digital asset industry faces heightened regulatory scrutiny. By addressing these discrepancies, Bluesky aims to maintain investor trust and demonstrate its commitment to transparency and regulatory adherence. This approach is crucial for sustaining its ventures at the intersection of Artificial Intelligence, Blockchain, and Web3 business solutions [1].