Independent Reserve Pty. Ltd. agreed to acquire Three non-core domain names and website assets of Banxa Holdings (TSXV:BNXA) for AUD 3 million on September 19, 2022. Banxa will receive AUD 2.25 million in cash and a AUD 0.75 million in equity stake in Independent Reserve.

The transaction is expected to close in as part of the sale, which will be settled in the coming two weeks. Hamilton Locke acted as advisor for Independent Reserve Pty Ltd, on its acquisition of the ‘bitcoin.com.au’ domain. As recently reported in the Australian Financial Review, the acquisition also included a number of other domains, trade marks, business names and intellectual property assets, including a customer list of over 100,000 existing customers.